https://www.taxtmi.com/caselaws?id=11322 Section 206C tax collection on country liquor was confined to the liquor cost price and did not include excise duty paid separately under the Madhya Pradesh Excise Act, 1915. The Court treated section 206C as a self-contained provision after the omission of section 44AC, and held that the earlier circular-based approach was not controlling. Because excise duty was separately payable on removal of liquor from the warehouse and did not form part of the amount payable by the buyer for section 206C purposes, tax at source had to be computed only on the cost price. The assessee's challenge therefore succeeded. en-us Mon, 01 Apr 2002 00:00:00 +0530 Thu, 06 Aug 2009 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11322 Section 206C tax collection on country liquor was confined to the liquor cost price and did not include excise duty paid separately under the Madhya Pradesh Excise Act, 1915. The Court treated section 206C as a self-contained provision after the omission of section 44AC, and held that the earlier circular-based approach was not controlling. Because excise duty was separately payable on removal of liquor from the warehouse and did not form part of the amount payable by the buyer for section 206C purposes, tax at source had to be computed only on the cost price. The assessee's challenge therefore succeeded. Case-Laws Income Tax Mon, 01 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11322