Whether the activity of transportation of containers falls under the purview of provisions of Sec 194C?

ITO Vs Yash Container Terminal Pvt. Ltd.  (ITAT Mumbai) – There is no dispute to the fact that the assessee has deducted tax @ 1.12% from the payments made to M/s Laxmichand Dharshi during the financial year 2006-07 u/s 194C of the I T Act being the payment made to sub contractor. According to the AO, such payments made to M/s Laxmichand Dharshi has to be treated as hire charges paid for transportation of containers/trucks as per bills raised since there is no written contract/ sub contract agreement between the parties concerned. Therefore, the assessee was liable to deduct tax at sour...