TDS-Work contract, Job work, Sale of goods - Goods manufactured as per customers specifications
Last updated: 22 September 2007
Court :
ITAT, Delhi
Brief :
The assessee was manufacturing and trading in consumer electronic and trading in consumer electronic and home appliances. It outsourced manufacture of these articles from various concerns referred to as OEMs. The OEMs purchased raw materials on their own and manufactured the goods as per assessee's specifications. The property in goods passed to the assessee on delivery of manufactured goods. It was a case of sale of goods and not that of job work or work contact. There was no liability for TDS under s.194C.
Citation :
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CMA Gul S
Published in Income Tax
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