https://www.taxtmi.com/caselaws?id=773906 Section 206C(1C) of the Income-tax Act, 1961 is analysed as a charging provision that applies only to amounts connected with a lease, licence, contract, or transfer of rights in a mine or quarry. The compounding fee or fine imposed for illegal mining or unauthorized transportation of minerals under Section 23A of the Mines and Minerals (Development and Regulation) Act, 1957 and Rule 71(5) of the Chhattisgarh Minor Mineral Rules, 2015 is described as a penal levy distinct from royalty. On a strict construction of fiscal statutes, tax collection at source cannot be extended by implication to that compounding amount, so TCS, interest, and penalty are stated to be unsustainable. en-us Thu, 26 Jun 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773906 Section 206C(1C) of the Income-tax Act, 1961 is analysed as a charging provision that applies only to amounts connected with a lease, licence, contract, or transfer of rights in a mine or quarry. The compounding fee or fine imposed for illegal mining or unauthorized transportation of minerals under Section 23A of the Mines and Minerals (Development and Regulation) Act, 1957 and Rule 71(5) of the Chhattisgarh Minor Mineral Rules, 2015 is described as a penal levy distinct from royalty. On a strict construction of fiscal statutes, tax collection at source cannot be extended by implication to that compounding amount, so TCS, interest, and penalty are stated to be unsustainable. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773906