Assessee contended that payment in question was not in nature of rent within meaning of section 194I and, therefore, no tax was to be deducted at source at time of making payment to finance company-Assessing Officer, however, held that amount paid was in nature of a payment to a contractor for execution of a work and assessee ought to have deducted tax at source under section 194C of the Act. On appeal the Tribunal held that payment of lease rentals under a finance lease would not attract provisions of section 194C hence disallowance is held to be not justified. (AY. 2008-09)