TDS not applicable on payment of lease financial amounts to lease financial companies

CIT Vs Texas Instruments India Pvt. Ltd. (Karnataka High Court)

Conclusion: Neither Section 194-C nor 194-I of the Act would be applicable to the lease financing of motor vehicles; thus there could have been no disallowance on the ground that there was no tax deduction at source made by the Assessee.

Held:  Assessee had claimed deduction under Section 80JJ(AA) for the Assessment Year 2008-2009 in respect of employment of new workmen for the said year. Ass

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