Income Tax Appeal Dismissed: Contracts vs. Works Contracts

The Delhi HC dismissed an appeal under Section 260A of the Income Tax Act against an order by the ITAT. The issue was deemed covered by a previous decision, affirming the transactions as contracts for sale, not works contracts. The appeal was rejected as no significant legal question was identified.

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The Delhi High Court dismissed an appeal under Section 260A of the Income Tax Act, 1961, against an order passed by the Income Tax Appellate Tribunal. The issue raised in the appeal was found to be covered by a previous court decision. The Tribunal had determined that the transactions were contracts for sale, not works contracts. The appeal was dismissed as no substantial question of law arose for consideration.

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