Mistake in nomenclature in account head cannot change nature of payment

Art-E-Mide Construction Pvt. Ltd. Vs DCIT (ITAT Kolkata) AO noted that the assessee has paid consolidated salary (contract pay) of Rs. 8,39,960/-. Since it was shown as contractual payment made by the assessee of Rs. 8,39,960/- according to AO, Section 194C of the Act was attracted and therefore, the assessee was bound to deduct the tax at source. Therefore, he called for details of the payment as well as the tax deducted at source. Pursuant to the same, the assessee replied that the payment of Rs. 8,39,960/-was disbursed to its employees only and since the salary has not crossed the taxable l...