UNION OF INDIA vs M/S. OM PRAKASH S.S. & COMPANY

The Supreme Court interpreted Section 206-C of the Income Tax Act, 1961, clarifying that a licensee who pays a license fee does not automatically qualify as a 'buyer' entitled to receive specific goods under this section. The Court held that the term 'buyer' refers to a person who has a right to receive goods, which is not the case for a licensee merely permitted to conduct business. Consequently, the provisions of Section 206-C do not apply to licensees in the liquor trade, leading to the dismissal of the Special Leave Petition.