2018 (6) TMI 1383 - SCH - Income Tax

TDS u/s 194C - failure to deduct tds on payment to the transporters - HC has held 2017 (7) TMI 1153 - RAJASTHAN HIGH COURT that Section 194(c) read with 204(iii) will come into operation only on the payment made by assessee and as rightly discussed since payment is not made by the assessee if at all there is default the default is of Mangalam. Since the payment was not received the same is required to be considered in the books of account since TDS is deducted by the Mangalam on behalf of assessee completely. Held that - No ground to interfere with the impugned order. The special leave petitions are accordingly dismissed. - Decided in favour of assessee.

Summary

The Supreme Court of India dismissed the special leave petitions as they found no grounds to interfere with the impugned order. Pending applications were also disposed of.