https://www.taxtmi.com/caselaws?id=337245 The Tribunal ruled in favor of the assessee, holding that payments made to agents for railway expenses are exempt from Section 194C. It was determined that TDS deduction was not required for such payments. Additionally, the Tribunal dismissed the revenue's appeals regarding the disallowance under Section 40(a)(ia) for non-deduction of TDS on payments to agents, stating that Section 40(a)(ia) does not apply to payments already made. The Tribunal upheld the assessee's position on the interpretation of "payable" under Section 40(a)(ia), emphasizing the exclusion of payments for rail expenses from TDS requirements based on legislative intent and relevant precedents. en-us Thu, 08 Dec 2016 00:00:00 +0530 Thu, 05 Jan 2017 09:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337245 The Tribunal ruled in favor of the assessee, holding that payments made to agents for railway expenses are exempt from Section 194C. It was determined that TDS deduction was not required for such payments. Additionally, the Tribunal dismissed the revenue's appeals regarding the disallowance under Section 40(a)(ia) for non-deduction of TDS on payments to agents, stating that Section 40(a)(ia) does not apply to payments already made. The Tribunal upheld the assessee's position on the interpretation of "payable" under Section 40(a)(ia), emphasizing the exclusion of payments for rail expenses from TDS requirements based on legislative intent and relevant precedents. Case-Laws Income Tax Thu, 08 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337245