https://www.taxtmi.com/caselaws?id=430554 The Tribunal ruled in favor of the assessee, holding that they should not be held liable for non-collection of Tax Collection at Source (TCS) or the associated interest. The Tribunal found that the delay in filing declarations under section 206C(1A) was reasonable, considering the evolving understanding of TCS applicability. As there was no prescribed timeline for filing declarations and the Revenue had significantly delayed taking action, the Tribunal ordered the deletion of the interest charged and directed that the assessee should not be treated as 'assessee-in-default'. en-us Wed, 16 Nov 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430554 The Tribunal ruled in favor of the assessee, holding that they should not be held liable for non-collection of Tax Collection at Source (TCS) or the associated interest. The Tribunal found that the delay in filing declarations under section 206C(1A) was reasonable, considering the evolving understanding of TCS applicability. As there was no prescribed timeline for filing declarations and the Revenue had significantly delayed taking action, the Tribunal ordered the deletion of the interest charged and directed that the assessee should not be treated as 'assessee-in-default'. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430554