2016 (10) TMI 1123

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....al of the assessee and has held that the assessee is not required to deduct TDS. 2. While admitting the matter following questions were framed:- 1. Whether Tribunal was justified in holding that the payment made by the assessee in form of transmission/ wheeling/ SLDC charges were not liable to be deducted at source either under Section 194J or 194C of the Income Tax Act? 2. Whether Tribunal was justified in holding  that on the facts found, provisions of Section 194J or 194C of the Act are not attracted or in other words, the case of the assessee does not fall within four corners of the twin sections. 3. Whether Tribunal was justified in holding that assessee was not liable to pay interest u/s. 201 (1A) of....

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....n the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or (ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice. (4) No individual or Hindu undivided family shall be liable to deduct income-tax on the sum credited or paid to the account of the contractor where such sum is credited or paid exclusively for personal purposes of such individual or any member of Hindu undivided family. (5) No deduction shall be made from the amount of any sum credited or paid or likely to be credited or paid to the account of, or to, the contractor, if such sum does not exceed 86[thirty] thousand rupees 194J. (1) Any perso....