https://www.taxtmi.com/caselaws?id=258748 The Calcutta High Court upheld the Tribunal's decision, dismissing the appeal regarding the interpretation of section 194C of the Income Tax Act. The Court found that the purchases made by the footwear merchant were not subject to tax deduction at source under section 194C as they were simple purchases without specific work elements. The Court emphasized that the purchases made were on a principal-to-principal basis and not as a principal-agent transaction as required under section 194C. The appeal was dismissed, with costs assessed at Rs. 10,000. en-us Wed, 08 Apr 2015 00:00:00 +0530 Thu, 23 Apr 2015 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258748 The Calcutta High Court upheld the Tribunal's decision, dismissing the appeal regarding the interpretation of section 194C of the Income Tax Act. The Court found that the purchases made by the footwear merchant were not subject to tax deduction at source under section 194C as they were simple purchases without specific work elements. The Court emphasized that the purchases made were on a principal-to-principal basis and not as a principal-agent transaction as required under section 194C. The appeal was dismissed, with costs assessed at Rs. 10,000. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258748