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2010 (4) TMI 795 - AT - Income TaxPurchase of material with logo is to be treated as a contract for sale or a works contract - Held that- the supply of printed material purchased by the assessee for use in manufacture and trade of footwear was transaction for purchase and sale. This is strengthened by the fact that suppliers charged 4 per cent value added tax which is not disputed. - assessee was not liable to deduct tax at source under section 194C on the payments made for purchase of printed material.
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