https://www.taxtmi.com/caselaws?id=122835 The Tribunal restored the case to the Assessing Officer to ascertain the true nature of the contract between the assessee and suppliers regarding the supply of goods. The Tribunal emphasized the importance of examining the contract terms, specifications, and circumstances of supply to determine whether the transactions constituted works contracts or sales contracts. The Assessing Officer was directed to establish the correct legal provisions based on the actual nature of the transactions. All appeals were allowed for statistical purposes, and the CIT(A)'s findings were overturned. en-us Fri, 27 Mar 2009 00:00:00 +0530 Sat, 18 Aug 2012 12:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122835 The Tribunal restored the case to the Assessing Officer to ascertain the true nature of the contract between the assessee and suppliers regarding the supply of goods. The Tribunal emphasized the importance of examining the contract terms, specifications, and circumstances of supply to determine whether the transactions constituted works contracts or sales contracts. The Assessing Officer was directed to establish the correct legal provisions based on the actual nature of the transactions. All appeals were allowed for statistical purposes, and the CIT(A)'s findings were overturned. Case-Laws Income Tax Fri, 27 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122835