Sec 194I and 194J of TDS is applicable from the A.Y 2007-08 and not before come in to existence


Last updated: 28 March 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
At the time of hearing before us, it was pointed out by the learned counsel for the assessee that this issue is settled in favour of the assessee for AY 2005-06 because the similar disallowance was made in AY 2005-06. The learned CIT (A) allowed the relief to the assessee. The Revenue had filed appeal against the order of CIT (A) in AY 2005-06 but, in the said appeal, this ground was not raised. He clarified that in AY 2005-06, some other disallowances were also made which were also deleted by the CIT (A) and, in the Revenue’s appeal, the issue raised was only with regard to other disallowances and not against the disallowance of circuit expenses paid to various telecom companies. He furnished before us the copy of the CIT (A)’s order for AY 2005-06 as well as the grounds of appeal furnished before ITAT and also the decision of the ITAT. He also pointed out that the disallowance was made by the Assessing Officer on the only ground that the circuit charges paid by the assessee to various telecom companies were in the nature of rent and, therefore, the assessee was required to deduct TDS under Section 194I. He pointed out that Section 194I came into effect with effect from 13.7.2006 and would be applicable for AY 2007- 08. This aspect is also clarified by the CBDT in Circular No.1 of 2007.

Citation :
Assistant Commissioner of Income Tax,Circle-12(1),New Delhi.(Appellant)Vs. M/s Global One India Pvt.Ltd.,C-56, Neeti Bagh,New Delhi.PAN: AABCG2558B. (Respondent)

You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
 

CCI Pro

CS Bijoy
Published in Income Tax
Views : 2634

Comments

CAclubindia's WhatsApp Groups Link


CCI Pro
Follow us