https://www.taxtmi.com/caselaws?id=181187 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the order passed under Section 201(1) and interest charged under Section 201(1A) of the I.T. Act. The case revolved around the tax deduction on contractual payments for cutting and transporting sugarcane, with the ITAT concluding that the payments were advance purchase prices not falling under Section 194C. Judicial precedent regarding the interpretation of sale transactions supported the decision to absolve the assessee from TDS deduction liability. en-us Mon, 30 Nov 2015 00:00:00 +0530 Sat, 09 Apr 2016 07:33:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181187 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the order passed under Section 201(1) and interest charged under Section 201(1A) of the I.T. Act. The case revolved around the tax deduction on contractual payments for cutting and transporting sugarcane, with the ITAT concluding that the payments were advance purchase prices not falling under Section 194C. Judicial precedent regarding the interpretation of sale transactions supported the decision to absolve the assessee from TDS deduction liability. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181187