On appesl the assessee contend that since the payee had a permanent account number, no tax was required to be deducted at source under S. 194C(6) of the Act, that there was no reference in the Act as to which form or which time was referred to in S. 194C(7) , and that this was purely procedural, which should not be a cause for disallowance and hence the matter was remitted to the AO who would verify the details whether parties had deposited the tax or not (ITA No. 2347/Ahd/2016 dt. 11-01-2018) (AY. 2012-13)
Indo Swiss Anti-Shock Ltd. v. ITO(2018) 62 ITR 280 (Ahd.)(Trib.)
S.40(a)(ia):Amounts not deductible – Deduction at source – Contractor – The matter was restored back to the AO to verify as to whether tax was deposited by the parties or not. [S.194C(6)]