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Applicability of section 194C of IT Act qua film financing arrangement containing provision of recovery of advances/loans with interest
Case Law Details
- Case Name
- Muktha Arts Vs ACIT (TDS) [ITAT Mumbai 'B' Bench]
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
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SUMMARY OF CASE LAW
Provisions of section 194C do not apply to the film financing arrangement of the kind in question.
RELEVANT PARAGRAPH
10. Section 194C relating to `payment to contractors and sub-contractors’ and relevant provisions read as under:-
“194C(1)Any person responsibility for paying any sum to any resident (hereinafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and –
(a)…………
(b)…………
(c)…………
(d...
