TDS U/s. 194C applies on amount paid under Oral Agreement

Sales Emporium (ULG) Vs. ITO (ITAT Kolkata) The learned counsel for the assessee has raised the same contention as raised before the authorities below that in the absence of any contract entered into between the assessee and the concerned 3 persons, the provision of section 194C was not applicable and there was no question of deduction of tax at source. I am unable to accept this contention of the learned counsel for the assessee. As rightly held by the authorities below, when the amount in question was paid by the assessee to the concerned 3 persons at the fixed rate on monthly basis for the ...