Payment made to labour contractor to procure material on behalf of builder assessee won't attract sec. 194C TDS

The ITAT Bangalore Bench held that where assessee entered into a contract with a party to supply labourers for construction of flats, mere fact that assessee procurred materials also through said contractor without any profit markup involved therein for contractor, it could not be regarded as a case of composite work contract and, thus, assessee was not required to deduct tax at source while making reimbursement of cost of materials supplied.