Court Rules TDS Applies u/s 194C for Composite Contract on Passenger Rolling Stock Supply, Confirms ITAT Decision.

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....TDS u/s 194C OR 194J - assessee entered into a Contract with a consortium - Whether contract can be segregated to attract TDS? - the dominant purpose of the Contract is supply of the passenger rolling stock. Thus, having taken a specific stand before the ITAT that the Contracts is a composite one, the Revenue cannot be permitted to take a contradictory stand before this Court - HC....