https://www.taxtmi.com/caselaws?id=751402 Payments to independent vendors for finished goods were treated as purchases on a principal-to-principal basis, not as works contracts. The vendors sourced their own raw materials, manufactured goods to the assessee's specifications, and transferred property only on delivery. Mere use of the assessee's logo, packing requirements, or rejection of non-conforming goods did not convert the arrangement into a contract for work. As the assessee did not supply raw materials and the manufacturing activity remained with the vendors, section 194C did not apply. The assessee was therefore not required to deduct tax at source and was not an assessee in default under section 201(1). en-us Wed, 06 Mar 2024 00:00:00 +0530 Tue, 16 Apr 2024 08:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751402 Payments to independent vendors for finished goods were treated as purchases on a principal-to-principal basis, not as works contracts. The vendors sourced their own raw materials, manufactured goods to the assessee's specifications, and transferred property only on delivery. Mere use of the assessee's logo, packing requirements, or rejection of non-conforming goods did not convert the arrangement into a contract for work. As the assessee did not supply raw materials and the manufacturing activity remained with the vendors, section 194C did not apply. The assessee was therefore not required to deduct tax at source and was not an assessee in default under section 201(1). Case-Laws Income Tax Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751402