[aaykarbhavan] 194C is applies to Verbal Contract

 

ITO Vs M/s Bihani Commercial

Income Tax - Sections 40(a)(ia), 143(3) & 194C - carriage inward expenses - Whether the provision of section 194C will apply on a payment made against a verbal contract by the assessee - Whether such payment done when attracts provision u/s 194C, the provisions of 40(a)(ia) will apply automatically. - Revenue's appeal allowed : KOLKATA ITAT

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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