Provisions of section 194C not attracted to finance agreements between financing company and producers/directors of films/TV serials

ITAT, MUMBAI BENCH `E’, MUMBAI , Entertainment One India Ltd. Vs. ITO (TDS), APPEAL NO: ITA NOS. 1095 to 1098/Mum/2007, DECIDED ON JUNE 15, 2009 ORDER In this bunch of four appeals, the assessee has challenged the impugned common order of the Learned CIT(A) for the A.Y. 2003-04 to 2006-07 dated 24.11.2006 and all these four appeals are arising out of the orders passed by the I.T.O.(TDS) – 3(1), Mumbai (in short the A.O.) treating the assessee in deemed default for not deducting the tax at source u/s. 194C and 194J of the Act. 2. The issue arising in all the appeals are common, sav...