No TDS applicable u/s 194C of Income Tax Act for Purchase expenses claimed under head contract expenses: ITAT [Read Order]

By Aparna. M - On October 24, 2023 3:00 pm - 2 mins read
No TDS applicable - Income Tax Act - Purchase expenses claimed - head contract expenses-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that Tax Deduction at Source under Section 194C of the Income Tax Act, 1961, should not be applicable to purchase expenses claimed under the head “contract expenses”. The assessee, Shubh Infra JV, is an AOP and is engaged in the construction business. The case of the…

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