https://www.taxtmi.com/caselaws?id=65844 The Tribunal held that the mere supply of bamboo without associated services did not constitute a works contract but a contract for sale, rendering section 44AD inapplicable. The Tribunal emphasized that the assessment order's validity was independent of section 44AD's applicability, upholding the AO's right to conduct inquiries. The Tribunal allowed the Revenue's appeals, setting aside the CIT(A)'s orders and remanding the matter for merit consideration, while also deeming a CBDT circular inapplicable to the case. en-us Wed, 31 Oct 2001 00:00:00 +0530 Fri, 18 Feb 2011 18:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65844 The Tribunal held that the mere supply of bamboo without associated services did not constitute a works contract but a contract for sale, rendering section 44AD inapplicable. The Tribunal emphasized that the assessment order's validity was independent of section 44AD's applicability, upholding the AO's right to conduct inquiries. The Tribunal allowed the Revenue's appeals, setting aside the CIT(A)'s orders and remanding the matter for merit consideration, while also deeming a CBDT circular inapplicable to the case. Case-Laws Income Tax Wed, 31 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65844