TDS u/s 194C deductible on payments towards bus hire and wharfage charges

Jindal Saw Ltd. Vs DCIT (ITAT Delhi) ITAT Delhi held that TDS under section 194C of the Income Tax Act is deductible on payments made towards bus hire charges and wharfage charges. Facts- During the year under consideration, the assessee had earned exempt income by way of dividend amounting to Rs.19,068/-. Whereas, the assessee suo motu made disallowance of Rs.3,86,451/-. In course of assessment proceedings, AO being of the view that the suo motu disallowance made by the assessee is not in accordance with Rule 8D proceeded to compute disallowance applying the said Rule. Ultimately, he made a n...