https://www.taxtmi.com/highlights?id=75293 TDS u/s 194I or 194C - storage charges paid by assessee - TDS @ 20% - The ITAT concluded that assessee is liable to deduct Tax at Source u/s 194C - The High court determined that the storage tanks in question did not qualify as land or building under Section 194I of the Act. It concluded that the payments made by the assessee were not subject to tax deduction at source under Section 194I. - The court upheld the decision of the ITAT, disposing of the appeals in favor of the assessee. en-us Thu, 29 Feb 2024 07:55:48 +0530 Thu, 29 Feb 2024 07:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75293 TDS u/s 194I or 194C - storage charges paid by assessee - TDS @ 20% - The ITAT concluded that assessee is liable to deduct Tax at Source u/s 194C - The High court determined that the storage tanks in question did not qualify as land or building under Section 194I of the Act. It concluded that the payments made by the assessee were not subject to tax deduction at source under Section 194I. - The court upheld the decision of the ITAT, disposing of the appeals in favor of the assessee. Highlights Income Tax Thu, 29 Feb 2024 07:55:48 +0530 https://www.taxtmi.com/highlights?id=75293