https://www.taxtmi.com/caselaws?id=66813 The Tribunal allowed the assessee's appeal, determining that the supply contracts constituted contracts for the sale of goods, not works contracts, and thus did not attract TDS under section 194C of the Income-tax Act, 1961. The Tribunal emphasized the intention of the parties, the transfer of property in goods, and the nature of the contracts, applying Board Circular No. 681, which excludes sales contracts from section 194C's purview. The contracts were found to involve the supply of goods as chattels, with the title passing on delivery ex-works, distinguishing them from works contracts. en-us Fri, 28 Jul 2006 00:00:00 +0530 Thu, 29 Feb 2024 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66813 The Tribunal allowed the assessee's appeal, determining that the supply contracts constituted contracts for the sale of goods, not works contracts, and thus did not attract TDS under section 194C of the Income-tax Act, 1961. The Tribunal emphasized the intention of the parties, the transfer of property in goods, and the nature of the contracts, applying Board Circular No. 681, which excludes sales contracts from section 194C's purview. The contracts were found to involve the supply of goods as chattels, with the title passing on delivery ex-works, distinguishing them from works contracts. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66813