Sec.194 vs 194I: Hiring of Dumpers


The assessment year is 2007-08. The assessee is engaged in the business of transportation of building material, salt, black trap, iron, etc. During the course of verification, it was found that the assessee had taken dumpers on hire/rent from various parties. During the year under consideration, the assessee had paid Rs. 1,18,29,647 as rent for…

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