https://www.taxtmi.com/caselaws?id=264137 The High Court upheld the Tribunal's decision, dismissing the appeal challenging the disallowance under section 40(a)(ia) of the Income Tax Act. The Court agreed that the transaction was a lease agreement, not subject to TDS under section 194C, and that section 194I did not apply due to the nature of the payment. Consequently, the appellant was not liable to deduct TDS under either section for the payment made, leading to the dismissal of the appeal. en-us Tue, 08 Sep 2015 00:00:00 +0530 Fri, 18 Sep 2015 06:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264137 The High Court upheld the Tribunal's decision, dismissing the appeal challenging the disallowance under section 40(a)(ia) of the Income Tax Act. The Court agreed that the transaction was a lease agreement, not subject to TDS under section 194C, and that section 194I did not apply due to the nature of the payment. Consequently, the appellant was not liable to deduct TDS under either section for the payment made, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264137