Dismissing the appeal of the revenue the Court held that Annual Maintenance Contract in respect of various specialised hospital equipments is not be in nature of fees for technical services hence deduction of tax at source as contractor is held to be proper .( Followed CIT v. Grant Medical Foundation (2015) 375 ITR 49 (Bom) (HC)
CIT v. Asian Heart Institute and Research Centre (P.) Ltd. (2019) 262 Taxman 395 /(2020) 423 ITR 75 (Bom.)(HC)
S. 194C : Deduction at source – Contractors – Annual Maintenance Contract in respect of various specialised hospital equipments – Not be in nature of fees for technical services- Deduction of tax at source as contractor- Held to be proper. [S.194J ]