Payer's Tax Deduction Ends Once Section 194C(7) Conditions Met; No Disallowance for Missing Form 15J per Rule 29D.

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....TDS u/s 194C - once conditions of proviso to Section 194(C)(7) are satisfied, liability of payer to deduct taxes at source would cease and consequently, disallowance of payment of sub-contractor under Section 40(a)(ia) could not be made on the ground that the assessee had not furnished form no.15J as required under Rule 29D. - HC....