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Income Tax - Highlights / Catch Notes

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Denial of Tax Collected at Source (TCS) credit u/s 206C(1C) - ...


Denial of TCS Credit u/s 206C(1C) Equates to Confiscating Taxpayer Funds Already Included in Taxable Income.

October 28, 2016

Case Laws     Income Tax     AT

Denial of Tax Collected at Source (TCS) credit u/s 206C(1C) - denial of credit tantamount to confiscating assessee's tax for which corresponding income is included in its taxable income - AT

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