https://www.taxtmi.com/caselaws?id=14525 The Supreme Court held that the auction of the right to gather forest produce by a forest contractor falls under section 44AC(1)(b) for tax purposes, as it involves the transfer of ownership. The court emphasized that the purpose of granting the right to gather was to transfer the title of the goods to the gatherer, thus constituting an auction related to the right to receive forest produce. The respondents were directed to recalculate the tax amount retained by applying relevant provisions. The petition was disposed of accordingly, with no further orders necessary. en-us Fri, 06 Nov 1998 00:00:00 +0530 Sun, 08 May 2011 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14525 The Supreme Court held that the auction of the right to gather forest produce by a forest contractor falls under section 44AC(1)(b) for tax purposes, as it involves the transfer of ownership. The court emphasized that the purpose of granting the right to gather was to transfer the title of the goods to the gatherer, thus constituting an auction related to the right to receive forest produce. The respondents were directed to recalculate the tax amount retained by applying relevant provisions. The petition was disposed of accordingly, with no further orders necessary. Case-Laws Income Tax Fri, 06 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14525