https://www.taxtmi.com/caselaws?id=65562 The Tribunal ruled in favor of the assessee, determining that the transactions with OEMs were outright sales rather than works contracts under section 194C of the IT Act. Consequently, the assessee was not required to deduct tax at source. The Tribunal emphasized the nature of the transactions as sales, where property passed at the time of sale, and rejected the contention that these were works contracts. It set aside the TDS demands, allowing the appeal and concluding that the restrictions on OEMs were justified to protect the assessee's business interests. en-us Fri, 13 Jul 2007 00:00:00 +0530 Tue, 16 Jan 2024 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65562 The Tribunal ruled in favor of the assessee, determining that the transactions with OEMs were outright sales rather than works contracts under section 194C of the IT Act. Consequently, the assessee was not required to deduct tax at source. The Tribunal emphasized the nature of the transactions as sales, where property passed at the time of sale, and rejected the contention that these were works contracts. It set aside the TDS demands, allowing the appeal and concluding that the restrictions on OEMs were justified to protect the assessee's business interests. Case-Laws Income Tax Fri, 13 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65562