https://www.taxtmi.com/caselaws?id=250512 The High Court upheld the Tribunal's decision, confirming the applicability of Section 194-C in bus hire contracts for the assessment years 2008-09 and 2009-10. The court rejected the appellant's argument that Section 194-I should apply, holding that Section 194-C was appropriate based on the contract terms. The judgment emphasized that the circulars issued by the Central Board of Direct Taxes supported this interpretation, ultimately ruling in favor of the assessee and disposing of the appeals without costs. en-us Mon, 11 Aug 2014 00:00:00 +0530 Sun, 17 Aug 2014 09:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250512 The High Court upheld the Tribunal's decision, confirming the applicability of Section 194-C in bus hire contracts for the assessment years 2008-09 and 2009-10. The court rejected the appellant's argument that Section 194-I should apply, holding that Section 194-C was appropriate based on the contract terms. The judgment emphasized that the circulars issued by the Central Board of Direct Taxes supported this interpretation, ultimately ruling in favor of the assessee and disposing of the appeals without costs. Case-Laws Income Tax Mon, 11 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250512