https://www.taxtmi.com/caselaws?id=765687 ITAT Kolkata ruled on TDS non-deduction under section 194C for transport charges. The tribunal held that payments below Rs. 50,000 threshold were exempt, allowing Rs. 1,00,524 to the assessee. However, it determined TDS provisions applied where assessee paid transport charges directly to transporters, regardless of seller arrangements, as direct contract requirement doesn't exist under section 194C. The tribunal remitted the matter to AO for examining the Finance Act 2014 amendment limiting disallowance to 30% under section 40(a)(ia), noting assessee hadn't pleaded this amendment earlier. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765687 ITAT Kolkata ruled on TDS non-deduction under section 194C for transport charges. The tribunal held that payments below Rs. 50,000 threshold were exempt, allowing Rs. 1,00,524 to the assessee. However, it determined TDS provisions applied where assessee paid transport charges directly to transporters, regardless of seller arrangements, as direct contract requirement doesn't exist under section 194C. The tribunal remitted the matter to AO for examining the Finance Act 2014 amendment limiting disallowance to 30% under section 40(a)(ia), noting assessee hadn't pleaded this amendment earlier. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765687