2016 (8) TMI 77

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....le Sri Justice V. Ramasubramanian ) This appeal is by the Revenue under Section 260A of the Income Tax Act, 1961. Heard Mr. K. Rajireddy, learned Senior Standing Counsel for the Income Tax Department. The respondent/assessee, is engaged in the business of generation and sale of power. During the assessment year 2007-08, the assessee debited its Profit & Loss Account with an amount of Rs. ....

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....l by an order dated 24.03.2015. The same was confirmed by the Income Tax Appellate Tribunal by an order dated 18.09.2015 passed in I.T.A.No.674/HYD/2015. It is against the said order that the Revenue has come up with the present appeal. Even as per the order passed under Section 201(1), the contract that the respondent/assessee had with APGENCO was for the operation and maintenance of the power....

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....n between Section 194C and Section 194J. The caption given to Section 194C itself is Payment to Contractors. Sub- section (1) of Section 194C indicates that whenever any person responsible for making any sum to any resident for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract, a sum stipulated thereunder shall be deducted towards income tax at....