https://www.taxtmi.com/caselaws?id=17539 A public sector undertaking's sale of liquor to L-14 licensees under a controlled statutory and auction regime was treated as a subsequent sale in the distribution chain, not the first sale contemplated by section 206C of the Income-tax Act, 1961, so tax collection at source was not authorised at that stage. The Board's circular on the limited application of section 206C to public sector companies reinforced that position, because the licensees could obtain supply only from the undertaking under fixed-price conditions. Collection of tax at source from the liquor licensees was therefore without authority of law, and refund of amounts already collected followed. en-us Fri, 14 Mar 1997 00:00:00 +0530 Wed, 23 Sep 2009 11:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17539 A public sector undertaking's sale of liquor to L-14 licensees under a controlled statutory and auction regime was treated as a subsequent sale in the distribution chain, not the first sale contemplated by section 206C of the Income-tax Act, 1961, so tax collection at source was not authorised at that stage. The Board's circular on the limited application of section 206C to public sector companies reinforced that position, because the licensees could obtain supply only from the undertaking under fixed-price conditions. Collection of tax at source from the liquor licensees was therefore without authority of law, and refund of amounts already collected followed. Case-Laws Income Tax Fri, 14 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17539