No assessee-in-default for not deducting tax at source if income of payee is exempt u/s 10: ITAT

INCOME TAX : Where assessee, engaged in work of storage and maintenance of warehouse for food grains procured by FCI, paid rent to a State Government Undertaking i.e. Krishi Upaj Mandi Samiti, whose income was exempt under section 10(26AAB), assessee could not be treated as assessee in default for not deducting tax at source under section 194-I while making said payment of rent

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