https://www.taxtmi.com/caselaws?id=20641 Section 206C of the Income-tax Act was discussed in relation to the definition of "seller" and the classes excluded from collection of income-tax at source. A wholesaler having the status of an individual, Hindu undivided family or association of persons falls outside the authorised class and cannot collect tax under the provision; however, no factual finding was recorded on the respondent wholesaler's actual status. The article also notes that, for country spirit, collection is confined to the cost price basis, following earlier identical decisions. The legal position was therefore clarified on both the statutory status of the collector and the permissible base of computation. en-us Fri, 18 Sep 1992 00:00:00 +0530 Mon, 16 Nov 2009 12:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20641 Section 206C of the Income-tax Act was discussed in relation to the definition of "seller" and the classes excluded from collection of income-tax at source. A wholesaler having the status of an individual, Hindu undivided family or association of persons falls outside the authorised class and cannot collect tax under the provision; however, no factual finding was recorded on the respondent wholesaler's actual status. The article also notes that, for country spirit, collection is confined to the cost price basis, following earlier identical decisions. The legal position was therefore clarified on both the statutory status of the collector and the permissible base of computation. Case-Laws Income Tax Fri, 18 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20641