https://www.taxtmi.com/caselaws?id=266342 The ITAT reversed the CIT(A) order in favor of the Revenue in an appeal concerning TDS on contract payment for A.Y 2012-13 and 2013-14. The case involved the interpretation of contractual terms between the Assessee and M/s. Arihant Ship Breakers Pvt. Ltd., where the ITAT determined that the retained amount of Rs. 10 crores was part of the total consideration and subject to TDS under Sec. 194C. The ITAT emphasized the importance of contractual terms in determining TDS obligations, ultimately upholding the Revenue's appeals and overturning the CIT(A) decision. en-us Tue, 16 Jun 2015 00:00:00 +0530 Mon, 19 Oct 2015 20:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266342 The ITAT reversed the CIT(A) order in favor of the Revenue in an appeal concerning TDS on contract payment for A.Y 2012-13 and 2013-14. The case involved the interpretation of contractual terms between the Assessee and M/s. Arihant Ship Breakers Pvt. Ltd., where the ITAT determined that the retained amount of Rs. 10 crores was part of the total consideration and subject to TDS under Sec. 194C. The ITAT emphasized the importance of contractual terms in determining TDS obligations, ultimately upholding the Revenue's appeals and overturning the CIT(A) decision. Case-Laws Income Tax Tue, 16 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266342