9911796707
TMI Blog2013 (11) TMI 142X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessment year 2007-08. The only ground raised by the Revenue in this appeal reads as under: "On the facts and in the circumstances of the case and in law, the learned Commissioner of Income-tax (Appeals) erred in deleting the addition of Rs. 58,29,628 under section 40(a)(ia), without appreciating the fact that the transportation of goods of another person itself constitutes a contract hen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficer made a disallowance of Rs. 58,29,628 out of Rs. 61,18,688 holding that the said payments are liable for TDS as per section 194C of the Act. On appeal, the Commissioner of Income-tax (Appeals) deleted the addition of Rs. 58,29,628 stating that there was no default of the assessee in not deducting TDS under section 194C of the Act, and hence, the Revenue is in appeal before the Tribunal. At ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... educting tax at source. In the instant case, the entire expenditure in respect of transportation charges was paid during the financial year relevant to the assessment year under consideration. As per the balance-sheet as on March 31, 2007 there are no liabilities, which means that the assessee has paid the transportation charges before the end of the financial year relevant to the assessment year ..... X X X X Extracts X X X X X X X X Extracts X X X X
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