Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (8) TMI 651 - AT - Income TaxObligation to collect Tax at Source (TCS) u/s 206C - sale made to scrap dealers - assessee raised this issue that the purchaser have considered these amounts in their books of account and also paid due taxes - Held that:- the issue regarding applicability of proviso to Section 206C(6A) as well as the proviso to Section 201(1) of the Act which were brought into statute by amendment brought vide Finance Bill 2012 is settled by the various courts including the Hon'ble Supreme Court as well as the various Benches of the Tribunal that the said proviso is retrospective in nature. Since the factum of the purchaser have shown these purchases in their books of account and have paid due taxes while filing of return of income, has not been examined either by the Assessing Officer or by the ld. CIT(A). Matter remanded back. - Decided in favor of assessee for statistical purposes.
|