https://www.taxtmi.com/caselaws?id=388562 The High Court held that the contract for sale of advertising space was not subject to Section 194C of the Income Tax Act, 1961. The Court distinguished between a contract for sale and a works contract, emphasizing the transfer of advertising space for subsequent sale. It found that the appellant's control over the space indicated a sale contract, not work. Relying on relevant case law and Circular No.13 of 2006, the Court set aside the orders of the Commissioner and Tribunal, allowing the appeal in favor of the assessee. en-us Thu, 17 Oct 2019 00:00:00 +0530 Wed, 19 Feb 2020 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388562 The High Court held that the contract for sale of advertising space was not subject to Section 194C of the Income Tax Act, 1961. The Court distinguished between a contract for sale and a works contract, emphasizing the transfer of advertising space for subsequent sale. It found that the appellant's control over the space indicated a sale contract, not work. Relying on relevant case law and Circular No.13 of 2006, the Court set aside the orders of the Commissioner and Tribunal, allowing the appeal in favor of the assessee. Case-Laws Income Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388562