https://www.taxtmi.com/caselaws?id=327659 The ITAT upheld the CIT(A)'s decision, ruling that the sale of sawn timber does not attract tax collection at source under section 206C of the Income Tax Act. The ITAT determined that sawn timber is distinct from timber and therefore not subject to tax collection provisions. Legal precedents and the nature of the business process supported this conclusion, resulting in the dismissal of the assessee's cross objection and allowing the revenue's appeals. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 22:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327659 The ITAT upheld the CIT(A)'s decision, ruling that the sale of sawn timber does not attract tax collection at source under section 206C of the Income Tax Act. The ITAT determined that sawn timber is distinct from timber and therefore not subject to tax collection provisions. Legal precedents and the nature of the business process supported this conclusion, resulting in the dismissal of the assessee's cross objection and allowing the revenue's appeals. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327659