https://www.taxtmi.com/caselaws?id=445695 The ITAT Rajkot ruled in favor of the assessee on TDS matters. The tribunal held that purchase of printed packing materials from six suppliers constituted outright purchase transactions, not works contracts, making Section 194C inapplicable since no job work was involved and suppliers used their own materials while paying excise duty and VAT. Additionally, discounts given to buyers were not subject to Section 194H as recipients were customers, not agents providing services. The tribunal distinguished these transactions from commission payments, noting buyers purchased goods for their own account rather than acting on behalf of the assessee. Revenue's appeal was dismissed entirely. en-us Fri, 10 Nov 2023 00:00:00 +0530 Fri, 17 Nov 2023 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445695 The ITAT Rajkot ruled in favor of the assessee on TDS matters. The tribunal held that purchase of printed packing materials from six suppliers constituted outright purchase transactions, not works contracts, making Section 194C inapplicable since no job work was involved and suppliers used their own materials while paying excise duty and VAT. Additionally, discounts given to buyers were not subject to Section 194H as recipients were customers, not agents providing services. The tribunal distinguished these transactions from commission payments, noting buyers purchased goods for their own account rather than acting on behalf of the assessee. Revenue's appeal was dismissed entirely. Case-Laws Income Tax Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445695