https://www.taxtmi.com/caselaws?id=118814 The Tribunal ruled in favor of the assessee, determining that the transaction involving the purchase of printed cartons with specific specifications was a sale of goods, not a works contract, under section 194C of the Income Tax Act. Consequently, the assessee was not required to deduct TDS, and the penalty under section 271C was not applicable. The Tribunal emphasized that taxes already paid should not be collected again, suggesting that any excess should be refunded. Both appeals by the assessee were allowed, and the application for additional evidence was rejected. The issue of refund was recommended for resolution in appropriate proceedings. en-us Fri, 16 Sep 2005 00:00:00 +0530 Thu, 18 Apr 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118814 The Tribunal ruled in favor of the assessee, determining that the transaction involving the purchase of printed cartons with specific specifications was a sale of goods, not a works contract, under section 194C of the Income Tax Act. Consequently, the assessee was not required to deduct TDS, and the penalty under section 271C was not applicable. The Tribunal emphasized that taxes already paid should not be collected again, suggesting that any excess should be refunded. Both appeals by the assessee were allowed, and the application for additional evidence was rejected. The issue of refund was recommended for resolution in appropriate proceedings. Case-Laws Income Tax Fri, 16 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118814