https://www.taxtmi.com/caselaws?id=215192 The Tribunal ruled in favor of the assessee regarding the rate of tax deduction on transportation charges and hire charges for LMV and Buses. The Tribunal held that the payments were subject to TDS under section 194C at 2%, rejecting the Revenue's argument for a higher deduction under section 194-I. Consequently, the appeals filed by the assessee were allowed, while those by the Revenue were dismissed. en-us Fri, 25 May 2012 00:00:00 +0530 Fri, 27 Jul 2012 07:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215192 The Tribunal ruled in favor of the assessee regarding the rate of tax deduction on transportation charges and hire charges for LMV and Buses. The Tribunal held that the payments were subject to TDS under section 194C at 2%, rejecting the Revenue's argument for a higher deduction under section 194-I. Consequently, the appeals filed by the assessee were allowed, while those by the Revenue were dismissed. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215192