https://www.taxtmi.com/caselaws?id=65372 The ITAT affirmed the CIT(A)'s decision, determining that the transactions between the deductor company and manufacturers/vendors were sales, not works contracts under Section 194C of the IT Act, 1961. The manufacturers were deemed independent entities, responsible for raw materials and production quality. The goods had commercial value, and relevant CBDT circulars and judicial precedents supported this view, resulting in the dismissal of the Revenue's appeal. en-us Fri, 18 Nov 2005 00:00:00 +0530 Fri, 05 Apr 2024 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65372 The ITAT affirmed the CIT(A)'s decision, determining that the transactions between the deductor company and manufacturers/vendors were sales, not works contracts under Section 194C of the IT Act, 1961. The manufacturers were deemed independent entities, responsible for raw materials and production quality. The goods had commercial value, and relevant CBDT circulars and judicial precedents supported this view, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65372