https://www.taxtmi.com/caselaws?id=358140 The Tribunal allowed the appeals for both assessment years, directing the deletion of disallowances under section 40(a)(ia) and the proper consideration of losses for carry forward. The judgment emphasized that the payments for water supply were transactions of sale, not work contracts, and thus not subject to TDS under section 194C. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358140 The Tribunal allowed the appeals for both assessment years, directing the deletion of disallowances under section 40(a)(ia) and the proper consideration of losses for carry forward. The judgment emphasized that the payments for water supply were transactions of sale, not work contracts, and thus not subject to TDS under section 194C. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358140