https://www.taxtmi.com/caselaws?id=9661 The Uttarakhand HC held that the basic licence fee charged under the U.P. Excise Licences (Tender-cum-Auction) Rules, 1991 is consideration for the grant of the exclusive excise privilege to vend liquor, not the sale price of liquor itself. Section 206C of the Income-tax Act applies only to collection of tax on the actual sale of specified goods by a seller from a buyer. Because the basic fee is paid to obtain the licence and the liquor price is separately payable when goods are lifted from the bonded warehouse, the fee does not attract the buyer-seller machinery under section 206C. en-us Wed, 05 Apr 2006 00:00:00 +0530 Sun, 28 Jun 2009 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9661 The Uttarakhand HC held that the basic licence fee charged under the U.P. Excise Licences (Tender-cum-Auction) Rules, 1991 is consideration for the grant of the exclusive excise privilege to vend liquor, not the sale price of liquor itself. Section 206C of the Income-tax Act applies only to collection of tax on the actual sale of specified goods by a seller from a buyer. Because the basic fee is paid to obtain the licence and the liquor price is separately payable when goods are lifted from the bonded warehouse, the fee does not attract the buyer-seller machinery under section 206C. Case-Laws Income Tax Wed, 05 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9661