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Section 194C Exemption: Joint Venture Payments to Members Not Taxable, Confirms ITAT Hyderabad in KCEL-MEIL Case.

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....Provisions of section 194C are not attracted in the case of payments made by the Joint Venture to its constituent members - Relied upon KCEL-MEIL (JV) [2015 (1) TMI 744 - ITAT HYDERABAD].....