https://www.taxtmi.com/highlights?id=57738 TDS u/s 194I OR 194C - The only transaction entered into between the Assessee and the lease financing company was to make payment of the amounts due to the company, and the car would be handed over to the employee through the Assessee. Thus there being no work as such being carried out by the lease financing company nor any service as such being rendered by the said company, we are of the opinion neither Section 194-C, nor 194-I of the Act are applicable. - HC en-us Mon, 26 Apr 2021 18:31:36 +0530 Mon, 26 Apr 2021 18:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57738 TDS u/s 194I OR 194C - The only transaction entered into between the Assessee and the lease financing company was to make payment of the amounts due to the company, and the car would be handed over to the employee through the Assessee. Thus there being no work as such being carried out by the lease financing company nor any service as such being rendered by the said company, we are of the opinion neither Section 194-C, nor 194-I of the Act are applicable. - HC Highlights Income Tax Mon, 26 Apr 2021 18:31:36 +0530 https://www.taxtmi.com/highlights?id=57738