https://www.taxtmi.com/caselaws?id=798015 Section 194C applies only to payments for work carried out under a contractual arrangement. Statutory market fees and Government-sanctioned procurement disbursements, where rates and expenditure components are predetermined and funds are routed to procuring societies or market committees, are pass-through payments rather than consideration under a contractor or subcontractor arrangement. Such payments therefore fall outside withholding-based disallowance under section 40(a)(ia). Section 41(1) applies only where a trading liability previously allowed as a deduction has resulted in a benefit through remission or cessation during the relevant year. Outstanding creditor balances remain non-taxable where liabilities continue to be recognised and there is no waiver, write-back, remission or legal extinguishment. en-us Wed, 19 Aug 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798015 Section 194C applies only to payments for work carried out under a contractual arrangement. Statutory market fees and Government-sanctioned procurement disbursements, where rates and expenditure components are predetermined and funds are routed to procuring societies or market committees, are pass-through payments rather than consideration under a contractor or subcontractor arrangement. Such payments therefore fall outside withholding-based disallowance under section 40(a)(ia). Section 41(1) applies only where a trading liability previously allowed as a deduction has resulted in a benefit through remission or cessation during the relevant year. Outstanding creditor balances remain non-taxable where liabilities continue to be recognised and there is no waiver, write-back, remission or legal extinguishment. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798015