https://www.taxtmi.com/caselaws?id=207059 The High Court upheld the Tribunal's decision to remand the case to determine if the buyer had paid the tax, emphasizing the importance of ensuring buyer's tax compliance before penalizing the seller. The Court highlighted that tax collected by the seller reduces the buyer's tax liability and emphasized the principle against double tax payment. The Court dismissed both revenue and appellant's appeals, instructing further proceedings in accordance with the law to ascertain tax payment status and the buyer's classification under Section 206C of the Income-tax Act, 1961. en-us Tue, 13 Sep 2011 00:00:00 +0530 Sat, 12 Nov 2011 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207059 The High Court upheld the Tribunal's decision to remand the case to determine if the buyer had paid the tax, emphasizing the importance of ensuring buyer's tax compliance before penalizing the seller. The Court highlighted that tax collected by the seller reduces the buyer's tax liability and emphasized the principle against double tax payment. The Court dismissed both revenue and appellant's appeals, instructing further proceedings in accordance with the law to ascertain tax payment status and the buyer's classification under Section 206C of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 13 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207059