TDS on payment to Carrier under contracts for transporting petroleum products in business is deductible U/s. 194C and not U/s./ 194I

CIT Vs M/s Indian Oil Corporation Ltd. (Uttarakhand High Court) Since common substantial questions of law have been raised in both the Appeals, we dispose of the Appeals by the following common judgment. 2. Substantially, the questions of law, which arise, relate to the provision, under which, the respondent assessee is obliged to deduct tax on the payment made by it to the Carrier under the contracts for transporting the petroleum products in the business in which the respondent assessee is engaged. On the one hand, it is the case of the appellant Department that the case of the responden...