https://www.taxtmi.com/caselaws?id=170929 The Tribunal upheld the decision of the ld. CIT(Appeals) in a case concerning disallowance under section 40(a)(ia) for non-deduction of tax at source on payments made for hiring of lorry/trucks. The Tribunal found that as there was no evidence of a formal contract between the assessee and truck owners, and payments were made based on market rates without specific work assignments, the provisions of section 194C were not applicable. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the disallowance by the ld. CIT(Appeals). en-us Tue, 03 Jan 2012 00:00:00 +0530 Thu, 17 Aug 2017 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170929 The Tribunal upheld the decision of the ld. CIT(Appeals) in a case concerning disallowance under section 40(a)(ia) for non-deduction of tax at source on payments made for hiring of lorry/trucks. The Tribunal found that as there was no evidence of a formal contract between the assessee and truck owners, and payments were made based on market rates without specific work assignments, the provisions of section 194C were not applicable. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the disallowance by the ld. CIT(Appeals). Case-Laws Income Tax Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170929