https://www.taxtmi.com/caselaws?id=448147 The ITAT Jaipur ruled in favor of the assessee regarding TCS liability under sections 206C(6A) and 206C(7) where Form 27C was filed belatedly. The assessee sold scrap without collecting TCS but subsequently obtained and filed the required declarations. The tribunal held that belated filing of Form 27C constitutes only a technical breach that should be condoned, as the main purpose of section 206C(1A) is fulfilled when a genuine declaration in prescribed format is filed. The decision was supported by precedents from Madras HC, Gujarat HC, and ITAT Jaipur, distinguishing it from cases involving unreasonable delays of several years. en-us Tue, 19 Dec 2023 00:00:00 +0530 Fri, 12 Jan 2024 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448147 The ITAT Jaipur ruled in favor of the assessee regarding TCS liability under sections 206C(6A) and 206C(7) where Form 27C was filed belatedly. The assessee sold scrap without collecting TCS but subsequently obtained and filed the required declarations. The tribunal held that belated filing of Form 27C constitutes only a technical breach that should be condoned, as the main purpose of section 206C(1A) is fulfilled when a genuine declaration in prescribed format is filed. The decision was supported by precedents from Madras HC, Gujarat HC, and ITAT Jaipur, distinguishing it from cases involving unreasonable delays of several years. Case-Laws Income Tax Tue, 19 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448147