2002 (7) TMI 30

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.... B. SUBHASTIAN REDDY C.J.-The above batch of writ appeals have been filed questioning the orders of the learned single judge, in striking down Circular No. 681, dated March 8, 1994, issued by the Central Board of Direct Taxes on the ground of it being ultra vires section 194C of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). Section 194C of the Act obligates any person paying ....

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....Mr. T.C.A. Ramanujam, the learned standing counsel for income-tax cases, submits that the judgment of the learned single judge is liable to be set aside. But, we do not accede to his contention for the reasons mentioned infra. Section 194C was inserted by the Finance Act, 1972, with effect from April 1, 1972, authorising deduction of income-tax at source, while making payments to contractors fo....