National Research & Technologies Consortium cannot Deduct TDS as was not a “specified person” as defined Under Section 194C of Income Tax Act: ITAT [Read Order]

By Killamsetty Rasmita - On August 20, 2023 8:00 pm - 2 mins read

National Research & Technologies Consortium - Deduct - TDS - specified person - Income Tax Act - ITAT - income tax - taxscan

The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has held that National Research & Technologies Consortium (NRTC) was not required to deduct tax at source (TDS) under Section 194C of the Income Tax Act, 1961 as NRTC was not a “specified person” as defined under Section 194C of the Act. The assessee, State…

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