https://www.taxtmi.com/caselaws?id=181752 The High Court of Delhi, in a case concerning the assessment year 2003-04, ruled that the transactions between the assessee and its suppliers were not works contracts but rather sales of goods, exempting the assessee from tax deduction at source obligations under section 194C of the Income Tax Act, 1961. The court upheld the decisions of the lower authorities, including the CIT(A) and the Tribunal, which found that the dealings were on a principal-to-principal basis and not subject to section 194C requirements. The appeal was dismissed as no significant legal question arose from the case. en-us Thu, 23 Oct 2008 00:00:00 +0530 Sat, 23 Apr 2016 11:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181752 The High Court of Delhi, in a case concerning the assessment year 2003-04, ruled that the transactions between the assessee and its suppliers were not works contracts but rather sales of goods, exempting the assessee from tax deduction at source obligations under section 194C of the Income Tax Act, 1961. The court upheld the decisions of the lower authorities, including the CIT(A) and the Tribunal, which found that the dealings were on a principal-to-principal basis and not subject to section 194C requirements. The appeal was dismissed as no significant legal question arose from the case. Case-Laws Income Tax Thu, 23 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181752