2008 (7) TMI 135

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.... issue sought to be raised by the revenue in this appeal pertains to the nature of the transaction which the assessee has entered upon with its suppliers. The assessee markets footwear, apparel accessories and sport goods.  For this purpose, the assessee has entered into agreements with various manufactures who manufacture the said items according to the specifications, drawings and designs p....

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....ns of Section 194C of the said Act, held the assessee to be in default. 3. Being aggrieved, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals), who reversed the findings of the Assessing Officer and concluded that the transactions between the assessee and its manufacturers were of sales simpliciter and not that of works contracts. This finding has also been confirm....