https://www.taxtmi.com/caselaws?id=366372 The Court ruled in favor of the assessee on both issues presented in the case. Firstly, it held that tax deduction at source under Section 194C was not applicable to the payment of transmission charges, as it was a cost-sharing arrangement rather than a contractual service. Secondly, the Court agreed that temporary buildings erected for transmission works qualified for 100% depreciation as they were deemed purely temporary structures. The decision upheld the Tribunal's findings and dismissed the Revenue's arguments, ultimately favoring the assessee on both issues. en-us Wed, 11 Jul 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366372 The Court ruled in favor of the assessee on both issues presented in the case. Firstly, it held that tax deduction at source under Section 194C was not applicable to the payment of transmission charges, as it was a cost-sharing arrangement rather than a contractual service. Secondly, the Court agreed that temporary buildings erected for transmission works qualified for 100% depreciation as they were deemed purely temporary structures. The decision upheld the Tribunal's findings and dismissed the Revenue's arguments, ultimately favoring the assessee on both issues. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366372