https://www.taxtmi.com/article/detailed?id=13200 The court found that the capital grant subsidy was viability gap funding and equity-like financial assistance placed in an escrow under the concession agreement, not remuneration for physical work; consequently, the subsidy did not fall within the scope of Section 194C withholding obligations, which apply to payments made for carrying out work. en-us Thu, 12 Dec 2024 09:56:41 +0530 Thu, 12 Dec 2024 09:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13200 The court found that the capital grant subsidy was viability gap funding and equity-like financial assistance placed in an escrow under the concession agreement, not remuneration for physical work; consequently, the subsidy did not fall within the scope of Section 194C withholding obligations, which apply to payments made for carrying out work. Articles Income Tax Thu, 12 Dec 2024 09:56:41 +0530 https://www.taxtmi.com/article/detailed?id=13200