https://www.taxtmi.com/caselaws?id=237921 The court dismissed the Department's appeal under Section 260A of the Income-Tax Act, upholding the Tribunal's decision for the assessment year. The court found that the payments made by the contractor for material procurement under the turnkey contract fell under the definition of a contract for sale as per Circular No. 894 dated 08.03.1994, making Section 194(C) inapplicable. The court noted the timely execution of the project and the nature of supplies involved, ultimately rejecting the Department's arguments and affirming the Tribunal's order without admitting the appeal or framing substantial questions of law. en-us Wed, 09 Oct 2013 00:00:00 +0530 Fri, 11 Oct 2013 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237921 The court dismissed the Department's appeal under Section 260A of the Income-Tax Act, upholding the Tribunal's decision for the assessment year. The court found that the payments made by the contractor for material procurement under the turnkey contract fell under the definition of a contract for sale as per Circular No. 894 dated 08.03.1994, making Section 194(C) inapplicable. The court noted the timely execution of the project and the nature of supplies involved, ultimately rejecting the Department's arguments and affirming the Tribunal's order without admitting the appeal or framing substantial questions of law. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237921