https://www.taxtmi.com/caselaws?id=180672 The High Court of Bombay dismissed the appeal challenging the disallowance under section 40(a)(ia) of the Income Tax Act, 1961. The court held that the Assessee, a partnership firm in the transport business, was not obligated to deduct tax at source under section 194C due to the absence of a contractual relationship with outside tanker owners. As the Assessee independently carried out the contract work without involvement from the outside parties responsible for transportation, the court found no error in the Tribunal's decision and upheld the dismissal of the appeal. en-us Wed, 12 Nov 2014 00:00:00 +0530 Thu, 31 Mar 2016 10:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180672 The High Court of Bombay dismissed the appeal challenging the disallowance under section 40(a)(ia) of the Income Tax Act, 1961. The court held that the Assessee, a partnership firm in the transport business, was not obligated to deduct tax at source under section 194C due to the absence of a contractual relationship with outside tanker owners. As the Assessee independently carried out the contract work without involvement from the outside parties responsible for transportation, the court found no error in the Tribunal's decision and upheld the dismissal of the appeal. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180672