https://www.taxtmi.com/caselaws?id=221144 Payments described as transport charges may be treated as part of purchase transactions where invoices and ledger entries show that iron ore was purchased in the ordinary course of business, in which case deduction of tax at source and disallowance under section 40(a)(ia) do not arise. Where the purchase arrangement and freight terms are unclear, factual verification is required before deciding the TDS consequence. The text also notes that compliant deduction and deposit by the due date under section 139(1), and capitalization of an amount, can limit or exclude disallowance under section 40(a)(ia). Payments to clearing and forwarding agents for contractual services fall within section 194C. A loan to a partnership firm is not deemed dividend under section 2(22)(e) in the firm's hands if it is not a shareholder. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 25 Feb 2013 10:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221144 Payments described as transport charges may be treated as part of purchase transactions where invoices and ledger entries show that iron ore was purchased in the ordinary course of business, in which case deduction of tax at source and disallowance under section 40(a)(ia) do not arise. Where the purchase arrangement and freight terms are unclear, factual verification is required before deciding the TDS consequence. The text also notes that compliant deduction and deposit by the due date under section 139(1), and capitalization of an amount, can limit or exclude disallowance under section 40(a)(ia). Payments to clearing and forwarding agents for contractual services fall within section 194C. A loan to a partnership firm is not deemed dividend under section 2(22)(e) in the firm's hands if it is not a shareholder. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221144