Case Law Details
Case Name : Kottinatu Transporters Vs CIT, Kottayam (Kerala High Court)
Related Assessment Year :
Courts :
All High Courts Kerala High Court
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Brief of the case:
In case of Kottinatu Transporters vs. CIT, The Hon’ble Kerala HC by disposing off write petition held that the tax deduction under a heading by payer, it cannot be determinative of character of income of payee. It was held by honorable High Court that letting out lorries can not be treated as contractual business merely because TDS was deducted u/s 194C instead of u/s 194I
Thus, in the present case though the tax was deducted u/s 194C, but the payment was in nature of hire charges because the assessee was infact carrying on the business of letting lorries on hire. The...
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Author Bio
In this article, I think the correct heading should be ‘Mear’…instead of Mere.