TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]

TDS applicable when No Contractual or Sub - Contractual Relationship exists between JV and its Constituencies - ITAT - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no contractual or sub-contractual relationship exists between the joint venture and its constituencies. The assessee Joint Venture (JV) was formed by RAMKY…

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