2017 (1) TMI 1595

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..... ax authorities including the Income Tax Appellate Tribunal rightly held that the provisions of Section 206C of the Income Tax Act, 1961 were applicable to the petitioner-Corporation as the petitioner was the first seller and not the second seller, as claimed by it. See MAHARASHTRA STATE COOPERATIVE TRIBAL DEVELOPMENT CORPORATION LTD. VERSUS COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF IN .....

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..... es for consideration in this appeal. The only question of law involved in the income tax appeal stands answered against the appellant-Corporation by the judgment dated 11-01-2017, in Writ Petition No.1576/2001. Hence, for the reasons recorded in the judgment dated 11-01-2017 in Writ Petition No.1576/2001, we hold that the Income Tax authorities including the Income Tax Appellate Tribunal rig .....

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