https://www.taxtmi.com/caselaws?id=262647 The High Court held that hiring cabs for business purposes did not amount to a contract to carry out work under section 194C of the Income-tax Act, 1961. The court referenced a similar judgment by the Madras High Court and considered the obligation to deduct TDS. The assessing authority's disallowance of expenses under section 40(a)(ia) was upheld despite delayed TDS remittance. The Tribunal's decision that no formal agreement with cab operators necessitated TDS deduction under section 194C was challenged. The court emphasized the importance of timely TDS deduction and remittance, ultimately remitting the matter back for further assessment of TDS payment compliance. en-us Mon, 19 Jan 2015 00:00:00 +0530 Mon, 17 Aug 2015 06:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262647 The High Court held that hiring cabs for business purposes did not amount to a contract to carry out work under section 194C of the Income-tax Act, 1961. The court referenced a similar judgment by the Madras High Court and considered the obligation to deduct TDS. The assessing authority's disallowance of expenses under section 40(a)(ia) was upheld despite delayed TDS remittance. The Tribunal's decision that no formal agreement with cab operators necessitated TDS deduction under section 194C was challenged. The court emphasized the importance of timely TDS deduction and remittance, ultimately remitting the matter back for further assessment of TDS payment compliance. Case-Laws Income Tax Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262647