https://www.taxtmi.com/caselaws?id=255545 The Tribunal held that joint ventures formed to procure contracts, where work is independently executed by constituent members, do not necessitate TDS deduction under S.194C. The assessees were not in default under S.201(1), and no interest under S.201(1A) was chargeable. The Revenue's appeals were dismissed, and the assessees' cross objections were allowed, confirming they were not required to deduct tax at source from payments to their constituent members. en-us Mon, 13 Jan 2014 00:00:00 +0530 Tue, 20 Jan 2015 07:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255545 The Tribunal held that joint ventures formed to procure contracts, where work is independently executed by constituent members, do not necessitate TDS deduction under S.194C. The assessees were not in default under S.201(1), and no interest under S.201(1A) was chargeable. The Revenue's appeals were dismissed, and the assessees' cross objections were allowed, confirming they were not required to deduct tax at source from payments to their constituent members. Case-Laws Income Tax Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255545