https://www.taxtmi.com/caselaws?id=766759 Tax collection at source under section 206C(1C) was analysed with reference to whether compounding receipts from illegal mining, transport and storage amounted to a transfer of rights in the mine for business use. The expression "transfer" was read broadly, with section 2(47) and the phrase "or otherwise" construed to cover the recoveries; the assessee was treated as liable to collect tax and as an assessee in default for that component. For DMF and NMET contributions, liability depended on whether the assessee received the sums or leaseholders remitted them directly to the funds. The Tribunal accepted that direct remittance would exclude liability, but upheld verification-based directions and sustained the remaining findings. en-us Fri, 28 Feb 2025 00:00:00 +0530 Tue, 04 Mar 2025 07:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766759 Tax collection at source under section 206C(1C) was analysed with reference to whether compounding receipts from illegal mining, transport and storage amounted to a transfer of rights in the mine for business use. The expression "transfer" was read broadly, with section 2(47) and the phrase "or otherwise" construed to cover the recoveries; the assessee was treated as liable to collect tax and as an assessee in default for that component. For DMF and NMET contributions, liability depended on whether the assessee received the sums or leaseholders remitted them directly to the funds. The Tribunal accepted that direct remittance would exclude liability, but upheld verification-based directions and sustained the remaining findings. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766759