https://www.taxtmi.com/caselaws?id=346360 The High Court held that the respondent/assessee, a Municipal Corporation, was not liable to collect tax at source (TCS) for octroi collected by an agent, distinguishing between octroi and toll under Section 206C(1C) of the Income Tax Act, 1961. The Tribunal's decision was upheld, dismissing the appeals and emphasizing the strict interpretation of fiscal statutes. The Court ruled that the TCS obligation under Section 206C(1C) does not extend to octroi collection, affirming in favor of the respondent/assessee and against the appellant/Revenue, with no order as to costs. en-us Sat, 01 Jul 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346360 The High Court held that the respondent/assessee, a Municipal Corporation, was not liable to collect tax at source (TCS) for octroi collected by an agent, distinguishing between octroi and toll under Section 206C(1C) of the Income Tax Act, 1961. The Tribunal's decision was upheld, dismissing the appeals and emphasizing the strict interpretation of fiscal statutes. The Court ruled that the TCS obligation under Section 206C(1C) does not extend to octroi collection, affirming in favor of the respondent/assessee and against the appellant/Revenue, with no order as to costs. Case-Laws Income Tax Sat, 01 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346360