https://www.taxtmi.com/caselaws?id=179935 The ITAT ruled in favor of the assessee in a case concerning the addition of &8377; 7,57,740 under section 40(1)(ia) of the IT Act. The dispute arose from the applicability of TDS provisions on lorry hire charges. The ITAT held that as the assessee hired vehicles without a work agreement, TDS provisions did not apply. The ITAT emphasized that the assessee bore the risk and reward of the transportation work, not the vehicle owners. Consequently, the ITAT deleted the addition, stating that the nature of the vehicle hiring arrangement for transportation services did not warrant TDS provisions. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 05 Jul 2017 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179935 The ITAT ruled in favor of the assessee in a case concerning the addition of &8377; 7,57,740 under section 40(1)(ia) of the IT Act. The dispute arose from the applicability of TDS provisions on lorry hire charges. The ITAT held that as the assessee hired vehicles without a work agreement, TDS provisions did not apply. The ITAT emphasized that the assessee bore the risk and reward of the transportation work, not the vehicle owners. Consequently, the ITAT deleted the addition, stating that the nature of the vehicle hiring arrangement for transportation services did not warrant TDS provisions. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179935