2018 (6) TMI 1812 - HC - Income Tax

TDS u/s 194C - disallowance under Section 40(a) (ia) - HELD THAT - We admit the appeal on the following point, which in our opinion involves substantial question of law. Whether on the facts and I the circumstances of the case the Tribunal was justified in law by holding that Section 194C(6) and Section 194C(7) are independent of each other and cannot be read together to attract disallowance under Section 40(a) (ia) of the Income Tax Act, 1961 We dispose of the stay petition as there is no scope of passing any interim order. Let paper books be filed within eight weeks. All other formalities including service of notice of appeal be complied with within the aforesaid period. The appeal shall be listed on 9th August,2018.

Summary

The Calcutta High Court admitted the appeal based on the substantial question of law regarding the interpretation of Sections 194C(6) and 194C(7) of the Income Tax Act, 1961. The court disposed of the stay petition and directed the filing of paper books within eight weeks. The appeal is scheduled to be listed on 9th August 2018.