https://www.taxtmi.com/caselaws?id=370597 The High Court of Kerala upheld the applicability of Section 206C of the I.T. Act to imported timber, dismissing challenges against tax collection at source (TCS). Additional evidence, including Form No. 27C declarations, was admitted by the Tribunal to determine liability under Section 206C(1A) and the proviso to Section 206C(6A). The Tribunal remanded the case to the Assessing Officer for fresh consideration based on the new evidence, emphasizing the importance of substantial justice and equity. Appeals were allowed for statistical purposes, directing a re-examination of TCS liability. en-us Thu, 15 Nov 2018 00:00:00 +0530 Tue, 20 Nov 2018 07:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370597 The High Court of Kerala upheld the applicability of Section 206C of the I.T. Act to imported timber, dismissing challenges against tax collection at source (TCS). Additional evidence, including Form No. 27C declarations, was admitted by the Tribunal to determine liability under Section 206C(1A) and the proviso to Section 206C(6A). The Tribunal remanded the case to the Assessing Officer for fresh consideration based on the new evidence, emphasizing the importance of substantial justice and equity. Appeals were allowed for statistical purposes, directing a re-examination of TCS liability. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370597