Applicability of TDS provision on payment made for hiring buses
Last updated: 20 June 2013
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The CIT(A) has erred on facts and in the law in cancelling the order dated 14.6.2011 passed by the ACIT (TDS), Noida and in directing that provisions contained in sec. 194C is applicable on the payment made by M/s Container Corporation of India Ltd. Noida for hiring of buses, ignoring the fact of the case that the deductor company is liable to deduct the tax u/s 194-I at the rate of 10% for hiring of buses in view of amendment made u/s 194-I
w.e.f. 1.6.2007.
Citation :
ACIT (TDS) Container Corporation of India Sector-20, Ltd., 502, 5th Floor, Noida. (Appellant) Vs. Ocean Plaza, Sector-18, Noida. (Respondent)
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Published in Income Tax
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