https://www.taxtmi.com/caselaws?id=357979 The High Court ruled in favor of the assessees in a case involving the interpretation of Sections 194C and 40(a)(ia) of the Income Tax Act, 1961. The Court held that the expenses claimed by the assessees for vehicle hiring did not fall under Section 194C but were subject to TDS deductions under Section 194-I. The Court emphasized the mandatory deduction of TDS for vehicle hiring expenses, overturning the Assessing Officer's disallowance of expenses due to non-deduction of TDS. The Court concluded that the hiring of vehicles by the assessees aligned with Section 194-I, not Section 194C, leading to the rejection of the Income Tax Appeals. en-us Mon, 26 Feb 2018 00:00:00 +0530 Tue, 03 Apr 2018 06:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357979 The High Court ruled in favor of the assessees in a case involving the interpretation of Sections 194C and 40(a)(ia) of the Income Tax Act, 1961. The Court held that the expenses claimed by the assessees for vehicle hiring did not fall under Section 194C but were subject to TDS deductions under Section 194-I. The Court emphasized the mandatory deduction of TDS for vehicle hiring expenses, overturning the Assessing Officer's disallowance of expenses due to non-deduction of TDS. The Court concluded that the hiring of vehicles by the assessees aligned with Section 194-I, not Section 194C, leading to the rejection of the Income Tax Appeals. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357979