https://www.taxtmi.com/caselaws?id=362482 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the demands raised under sections 201(1) and 201(1A) of the Income Tax Act for the assessment years 2008-09 to 2014-15. The Tribunal concluded that the agreements between a cooperative society and developers/contractors were for the purchase of land and residential sites, not works contracts necessitating tax deduction at source under section 194C. Relying on judicial precedents and emphasizing the nature of the agreements, the Tribunal dismissed the Revenue's appeals, affirming that tax deduction was not required. en-us Fri, 20 Apr 2018 00:00:00 +0530 Wed, 27 Jun 2018 08:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362482 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the demands raised under sections 201(1) and 201(1A) of the Income Tax Act for the assessment years 2008-09 to 2014-15. The Tribunal concluded that the agreements between a cooperative society and developers/contractors were for the purchase of land and residential sites, not works contracts necessitating tax deduction at source under section 194C. Relying on judicial precedents and emphasizing the nature of the agreements, the Tribunal dismissed the Revenue's appeals, affirming that tax deduction was not required. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362482