Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The brief facts of the case are that the assessee is a company engaged in the business of manufacture and trade in colour TVs, air-conditioners, refrigerators, microwave oven, washing machine, compressors, vacuum cleaners etc. It emerges out from the order of the Assessing Officer that a survey was conducted. The assessee has hired busses/taxies. It has made payment of hire charges to the concerned company after deducting tax under sec. 194C of the Act @ 2%. Learned Assessing Officer was of the opinion that in view of the amended provisions of sec. 194I of the Act w.e.f. Ist June 2007 to 30th June 2009 TDS ought to have been deducted @ 10%.
Citation :
Assistant CIT(TDS), Noida-201301 (UP) (Appellant)Vs M/s. LG Electronics India Pvt. Ltd., Plot No. 51, Udyog Vihar, Surajpur-Kasna Road, Gr.Noida, Gautambudhnagar. (PAN: MRTL00324C) (Respondent)
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