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Collection of Tax at source::

Last updated: 13 November 2007

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Court :
HC

Brief :
Held by the Hon`ble Court that the basic licence fees included in the bid money is not part and parcel of the purchase consideration rather it is a price for parting with the privilege in favour of highest bidder as such it is not liable for collection of tax at source u/s 206C.

Citation :
C.I.T. and Others Vs. District Excise Officer

Collection of Tax at source C.I.T. and Others Vs. District Excise Officer 04/05/2006 (2006) 284 ITR 22 (Uttaranchal) Case Fact: Whether tax is to be collected at source on the basic licence fees collected by the District Excise Officer on tender-cum-Auction of liquor? Decision: Held by the Hon`ble Court that the basic licence fees included in the bid money is not part and parcel of the purchase consideration rather it is a price for parting with the privilege in favour of highest bidder as such it is not liable for collection of tax at source u/s 206C.