Held that payments made to vendors for procurements of goods under sales or return basis (SOR) is an arrangement is not works contract hence not liable to deduct tax at source. (AY. 2017-18)
ACIT v. Shoppers Stop Ltd (2023) 223 TTJ 27/225 DTR 337 (Mum)(Trib)
S. 194C : Deduction at source-Contractors-Works contract-Sales or return basis (SOR)-Arrangement is not works contract-Not liable to deduct tax at source. [S. 201(1),Sale of Goods Act, 1930]