SC upholds illegal TCS collection on coal for power, orders refund with interest; denies 18% interest claim under Section 206C(1A)

The SC dismissed the special leave petition, upholding the HC's decision that the Revenue acted illegally by compelling TCS collection on coal purchases genuinely used for power generation. The Court directed the Revenue to refund the entire TCS amount with interest to the intermediaries, who must then refund the Petitioner within a specified timeframe. The Petitioner's claim for refund and 18% interest was denied as the benefit under Section 206C(1A) did not warrant interference.

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The Supreme Court of India, through Hon'ble Justices Sanjiv Khanna and Dipankar Datta, dismissed the special leave petition, stating, "We are not inclined to interfere with the impugned judgment." Consequently, all pending applications were disposed of.

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