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Case Law Details

Case Name : CIT­ Vs M/S Jai Prakash Enterprises Ltd. (Allahabad High Court)
Related Assessment Year : 2006-07
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In the present case, taking of the machinery and equipment on hire would not amount to a contract for carrying out any work as contemplated in section 194C of the Act. The said contract i.e. taking of machinery and equipment on hire also cannot be treated with a contract for supply of labour. Therefore, the provisions of section 194C of the Act were not applicable to the facts of the assessee’s case, as such no disallowance was called for u/s 40(a) (ia) of the I. T. Act.

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