Dismissing the appeal of the revenue the Court held that , there was no contract between assessee and parties of hired Vehicles on freight basis for transportation on behalf of principal , accordingly the assessee is not liable to deduct tax at source . (AY.2008 -09)
CIT v. Shark Roadways Pvt. Ltd. (2018) 405 ITR 78 (All) (HC)
S.40(a)(ia):Amounts not deductible – Deduction at source – No contract between assessee and parties of hired Vehicles on freight basis for transportation on behalf of principal — Not liable to deduct tax at source [S.194C ]