https://www.taxtmi.com/caselaws?id=326130 The Appellate Tribunal ITAT Ahmedabad allowed the assessee's appeal, ruling that receipt of form No.27C from buyers absolved the assessee of liability for TCS collection, despite minor errors in the forms. The Tribunal set aside lower authorities' orders, emphasizing that clerical mistakes in forms did not render the assessee in default when purchase figures aligned with sales records. The decision, rendered on 1st March 2016, highlighted the importance of buyer declarations in avoiding TCS collection obligations under section 206C(1A) of the Income Tax Act, 1961. en-us Tue, 01 Mar 2016 00:00:00 +0530 Thu, 07 Apr 2016 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326130 The Appellate Tribunal ITAT Ahmedabad allowed the assessee's appeal, ruling that receipt of form No.27C from buyers absolved the assessee of liability for TCS collection, despite minor errors in the forms. The Tribunal set aside lower authorities' orders, emphasizing that clerical mistakes in forms did not render the assessee in default when purchase figures aligned with sales records. The decision, rendered on 1st March 2016, highlighted the importance of buyer declarations in avoiding TCS collection obligations under section 206C(1A) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326130