Bombay HC rules that storage tanks not classifiable as land or building and that TDS is deductible on storage charges
The Bombay High Court ruled that storage tanks not classifiable as land or building and that TDS is deductible on storage charges. Assessee used to pay storage charges. Therefore, assessee had hired tanks of various parties and paid them storage charges. The Assessing Officer, during the course of survey action, noted that assessee had made…
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