Supreme Court clarifies Section 194C scope, ruling on non-contract transactions.

The Supreme Court held that Section 194C of the Income Tax Act does not apply when the transaction is not a "contract for carrying out works." The Court found the amendment inapplicable to the relevant period and dismissed the special leave petitions, affirming the High Court judgments. (2010 (8) TMI 839 - SC)

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The Supreme Court held that Section 194C of the Income Tax Act is not applicable in a case where the transaction is not a "contract for carrying out works." The Court noted the amendment in Section 194C but stated it does not apply to the period in question. The Court dismissed the special leave petitions, upholding the judgments of the High Court. (Case Citation: 2010 (8) TMI 839 - SC)

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