Section 194C TDS not applies on materials purchased for installation work: ITAT Kolkata

Aircon India Incorporated Vs DCIT (ITAT Kolkata) The appeal before the Income Tax Appellate Tribunal (ITAT), Kolkata, concerned the disallowance of ₹4,81,79,887 under Section 40(a)(ia) of the Income Tax Act for alleged failure to deduct tax at source (TDS) under Section 194C for Assessment Year 2010-11. The assessee, a partnership firm engaged in the sale and servicing of air conditioners, filed its return declaring income of ₹81,06,497. During scrutiny assessment, the Assessing Officer (AO) observed that the assessee had incurred installation and labour-related expenses aggregating to ₹...