https://www.taxtmi.com/caselaws?id=31786 A liquor purchaser holding an L-13 licence was not required to collect tax at source under section 206C because the proviso to section 44AC and the Explanation to section 206C, as previously interpreted by the Court, excluded a buyer engaged in further sale of goods obtained under the specified mode of sale. A wholesaler purchasing country liquor from the distillery was treated as the first buyer in that transaction, but where the liquor was further sold, the statutory TCS obligation did not attach to that purchaser. Liability to collect tax at source was therefore negatived. en-us Tue, 05 Dec 2006 00:00:00 +0530 Wed, 10 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31786 A liquor purchaser holding an L-13 licence was not required to collect tax at source under section 206C because the proviso to section 44AC and the Explanation to section 206C, as previously interpreted by the Court, excluded a buyer engaged in further sale of goods obtained under the specified mode of sale. A wholesaler purchasing country liquor from the distillery was treated as the first buyer in that transaction, but where the liquor was further sold, the statutory TCS obligation did not attach to that purchaser. Liability to collect tax at source was therefore negatived. Case-Laws Income Tax Tue, 05 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31786