https://www.taxtmi.com/caselaws?id=327890 The tribunal upheld the decision that Section 206C(1C) applied only to the minimal amount payable by the concessionaire, Re. 1/- per year, deeming TCS collection impractical. The Revenue's appeals were dismissed, ruling no violation of Section 206C. The judgment highlighted legislative intent and practical TCS collection considerations within the concession agreement and escrow provisions. en-us Thu, 31 Mar 2016 00:00:00 +0530 Sat, 21 May 2016 12:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327890 The tribunal upheld the decision that Section 206C(1C) applied only to the minimal amount payable by the concessionaire, Re. 1/- per year, deeming TCS collection impractical. The Revenue's appeals were dismissed, ruling no violation of Section 206C. The judgment highlighted legislative intent and practical TCS collection considerations within the concession agreement and escrow provisions. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327890