https://www.taxtmi.com/caselaws?id=458747 ITAT Jaipur ruled in favor of the assessee regarding TDS provisions under section 194C on payments termed as grants by NHAI to concessionaires. The tribunal held that these payments constituted contributions in a joint venture rather than payments to contractors. The agreement was characterized as a joint venture contract, not a pure contract agreement. Since section 194C requires payments to contractors and no such payments were made to contractors in this case, TDS provisions were not applicable. The CIT(A)'s order was upheld. en-us Fri, 23 Sep 2016 00:00:00 +0530 Thu, 14 Nov 2024 19:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458747 ITAT Jaipur ruled in favor of the assessee regarding TDS provisions under section 194C on payments termed as grants by NHAI to concessionaires. The tribunal held that these payments constituted contributions in a joint venture rather than payments to contractors. The agreement was characterized as a joint venture contract, not a pure contract agreement. Since section 194C requires payments to contractors and no such payments were made to contractors in this case, TDS provisions were not applicable. The CIT(A)'s order was upheld. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458747