2000 (2) TMI 790

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..... all within the concept of ’buyer’ referred to in that Section. Buyer has to be buyer of goods and not merely a person who acquires a licence to carry on the business - SLP dismissed.
B. N. Kirpal And Mrs. Ruma Pal,JJ. JUDGMENT The following Order of the Court was delivered : It is quite evident that Section 206-C of the Income Tax Act, 1961 refers to a case where by reason of the payment to .....

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..... of the payment gets a right to receive specific goods and not where he is merely allowed/permitted to carry on business in that trade. It is for this reason that we had earlier dismissed the special leave petitions and any observations of the High Court not in consonance with this may be not strictly correct but the fact remains that on licences issued by the Government permitting the licensee to .....

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