https://www.taxtmi.com/caselaws?id=276172 The Tribunal allowed the appeals, holding that the assessee was not required to deduct TDS under Section 194C on the value of the by-products. The decision was based on the understanding that the transaction was an exchange and not a payment for services rendered, following the precedent set in 'Ahaar Consumer Products (P) Ltd.' The Tribunal emphasized addressing the primary legal issue before considering alternative arguments, ultimately resolving the issue in favor of the assessee and negating further additions based on the deemed value of the by-products. en-us Fri, 01 Jul 2016 00:00:00 +0530 Thu, 01 Nov 2018 13:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276172 The Tribunal allowed the appeals, holding that the assessee was not required to deduct TDS under Section 194C on the value of the by-products. The decision was based on the understanding that the transaction was an exchange and not a payment for services rendered, following the precedent set in 'Ahaar Consumer Products (P) Ltd.' The Tribunal emphasized addressing the primary legal issue before considering alternative arguments, ultimately resolving the issue in favor of the assessee and negating further additions based on the deemed value of the by-products. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276172