https://www.taxtmi.com/caselaws?id=411701 The High Court of Madras ruled in favor of the assessee in Tax Case Appeals concerning the interpretation of Section 194C and Section 40(a)(ia) of the Income Tax Act for the Assessment Year 2009-10. The Court found no deemed sub-contract between the assessee and lorry drivers, emphasizing the lack of evidence. It upheld the Tribunal's decision on disallowance restriction based on the prevailing legal provisions at the time, distinguishing the case from cited precedent. The Court dismissed the Revenue's appeal, affirming the Tribunal's ruling and answering substantial questions of law against the Revenue. en-us Wed, 18 Aug 2021 00:00:00 +0530 Wed, 01 Sep 2021 08:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411701 The High Court of Madras ruled in favor of the assessee in Tax Case Appeals concerning the interpretation of Section 194C and Section 40(a)(ia) of the Income Tax Act for the Assessment Year 2009-10. The Court found no deemed sub-contract between the assessee and lorry drivers, emphasizing the lack of evidence. It upheld the Tribunal's decision on disallowance restriction based on the prevailing legal provisions at the time, distinguishing the case from cited precedent. The Court dismissed the Revenue's appeal, affirming the Tribunal's ruling and answering substantial questions of law against the Revenue. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411701