https://www.taxtmi.com/caselaws?id=235380 The Court upheld the Tribunal's decision, dismissing the Tax Appeal regarding the disallowance of expenditure under section 40(a)(ia) of the Income-tax Act. It was determined that the appellant was not covered under section 194C(1) as the payment was made to individuals, and the relevant amendment was effective from 1st June, 2007. Additionally, it was established that there was no contractor-subcontractor relationship between the assessee and the transporters, absolving the assessee from the liability to deduct tax at source. The Court affirmed the Tribunal's findings, emphasizing the inapplicability of Explanation-III of section 194C in this case. en-us Mon, 01 Apr 2013 00:00:00 +0530 Mon, 22 Jul 2013 09:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235380 The Court upheld the Tribunal's decision, dismissing the Tax Appeal regarding the disallowance of expenditure under section 40(a)(ia) of the Income-tax Act. It was determined that the appellant was not covered under section 194C(1) as the payment was made to individuals, and the relevant amendment was effective from 1st June, 2007. Additionally, it was established that there was no contractor-subcontractor relationship between the assessee and the transporters, absolving the assessee from the liability to deduct tax at source. The Court affirmed the Tribunal's findings, emphasizing the inapplicability of Explanation-III of section 194C in this case. Case-Laws Income Tax Mon, 01 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235380