https://www.taxtmi.com/caselaws?id=328937 The Tribunal ruled in favor of the assessee, emphasizing that the obligation to provide the buyer's declaration in Form 27C under Section 206C(1A) arises upon receipt from the buyer, not necessarily at the time of sale. The Tribunal considered breaches in obtaining the declaration as technical and highlighted that delayed submission could still comply. The revenue's argument regarding the timing of declaration submission under Section 206-C(1) was rejected, as the Tribunal's interpretation aligned with the Act. The Court dismissed the appeals, noting no false declarations by the buyer and leaving the issue of declaration submission open for future consideration. en-us Fri, 22 Apr 2016 00:00:00 +0530 Sat, 18 Jun 2016 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328937 The Tribunal ruled in favor of the assessee, emphasizing that the obligation to provide the buyer's declaration in Form 27C under Section 206C(1A) arises upon receipt from the buyer, not necessarily at the time of sale. The Tribunal considered breaches in obtaining the declaration as technical and highlighted that delayed submission could still comply. The revenue's argument regarding the timing of declaration submission under Section 206-C(1) was rejected, as the Tribunal's interpretation aligned with the Act. The Court dismissed the appeals, noting no false declarations by the buyer and leaving the issue of declaration submission open for future consideration. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328937