https://www.taxtmi.com/caselaws?id=424351 The Tribunal allowed the appeal of the assessee, overturning the disallowance of Lorry Hire Charges under section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal emphasized that the assessee, engaged in the transport business, hired lorries as needed from the open market without involving subcontractors. As there was no subcontractor relationship, the requirement for TDS deduction did not apply, following a precedent set by a Gujarat High Court judgment. Consequently, the Tribunal ruled in favor of the assessee, stating that the liability to deduct tax at source did not arise in this case. en-us Thu, 31 Mar 2022 00:00:00 +0530 Tue, 28 Jun 2022 07:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424351 The Tribunal allowed the appeal of the assessee, overturning the disallowance of Lorry Hire Charges under section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal emphasized that the assessee, engaged in the transport business, hired lorries as needed from the open market without involving subcontractors. As there was no subcontractor relationship, the requirement for TDS deduction did not apply, following a precedent set by a Gujarat High Court judgment. Consequently, the Tribunal ruled in favor of the assessee, stating that the liability to deduct tax at source did not arise in this case. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424351