https://www.taxtmi.com/caselaws?id=239235 The Finance Act, 2010 amendment to section 40(a)(ia) is treated as remedial and curative, so the extended time for depositing tax deducted at source applies retrospectively; where TDS is paid before the due date under section 139(1), the related expenditure is not disallowable. Payments for hiring trucks from owners do not automatically fall within section 194C, because the issue depends on whether the arrangement is a contractor or sub-contractor relationship and on the factual allocation of risk and responsibility. On inadequate factual examination, the truck-hire issue requires fresh consideration on remand. en-us Fri, 03 May 2013 00:00:00 +0530 Fri, 20 Dec 2024 20:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239235 The Finance Act, 2010 amendment to section 40(a)(ia) is treated as remedial and curative, so the extended time for depositing tax deducted at source applies retrospectively; where TDS is paid before the due date under section 139(1), the related expenditure is not disallowable. Payments for hiring trucks from owners do not automatically fall within section 194C, because the issue depends on whether the arrangement is a contractor or sub-contractor relationship and on the factual allocation of risk and responsibility. On inadequate factual examination, the truck-hire issue requires fresh consideration on remand. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239235