Sec. 194C TDS justified while making payment to cable operators for placing signals on preferred band; SLP dismissed

INCOME TAX : SLP dismissed as withdrawn due to low tax effect against High Court ruling that where assessee-company carrying on business of broadcasting of television channels, paid placement charges to cable operators for placing signals on a preferred band, it was a part of work of broadcasting and telecasting covered by sub-clause (b) of clause (iv) of Explanation to section 194C and thus, assessee was justified in deducting tax at source under section 194C while making payments in question

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