https://www.taxtmi.com/caselaws?id=354851 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee and dismissing the Revenue's appeals. It was held that the payments made were for the purchase of completed residential sites and not for works contracts, as per the agreements between the parties. The Tribunal emphasized that the agreements should be viewed holistically and not in isolation, concluding that the assessee was not liable to deduct tax at source under Section 194C of the Income-tax Act, 1961. This decision aligned with established judicial precedents supporting similar interpretations of such agreements. en-us Fri, 02 Feb 2018 00:00:00 +0530 Sat, 02 Jun 2018 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354851 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee and dismissing the Revenue's appeals. It was held that the payments made were for the purchase of completed residential sites and not for works contracts, as per the agreements between the parties. The Tribunal emphasized that the agreements should be viewed holistically and not in isolation, concluding that the assessee was not liable to deduct tax at source under Section 194C of the Income-tax Act, 1961. This decision aligned with established judicial precedents supporting similar interpretations of such agreements. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354851