https://www.taxtmi.com/caselaws?id=360529 The Court dismissed the Tax Appeal filed by the Revenue, affirming the Tribunal's decision in favor of the assessee regarding the deletion of addition under Section 206C(1) of the Income Tax Act for non-collection of Tax Collected at Source (TCS) on the sale of scrap and interest charged under Section 206C(7). The Court emphasized the importance of substantial compliance with the requirements of Rule 37C in furnishing necessary declarations and found no evidence presented by the Revenue to support further inquiries or denial of relief under Section 206C(7). en-us Tue, 13 Mar 2018 00:00:00 +0530 Fri, 18 May 2018 09:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360529 The Court dismissed the Tax Appeal filed by the Revenue, affirming the Tribunal's decision in favor of the assessee regarding the deletion of addition under Section 206C(1) of the Income Tax Act for non-collection of Tax Collected at Source (TCS) on the sale of scrap and interest charged under Section 206C(7). The Court emphasized the importance of substantial compliance with the requirements of Rule 37C in furnishing necessary declarations and found no evidence presented by the Revenue to support further inquiries or denial of relief under Section 206C(7). Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360529