https://www.taxtmi.com/caselaws?id=463069 The SC dismissed the special leave petition, upholding the HC's decision that the Revenue acted illegally by compelling TCS collection on coal purchases genuinely used for power generation. The Court directed the Revenue to refund the entire TCS amount with interest to the intermediaries, who must then refund the Petitioner within a specified timeframe. The Petitioner's claim for refund and 18% interest was denied as the benefit under Section 206C(1A) did not warrant interference. en-us Wed, 03 Jan 2024 00:00:00 +0530 Mon, 04 Aug 2025 20:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463069 The SC dismissed the special leave petition, upholding the HC's decision that the Revenue acted illegally by compelling TCS collection on coal purchases genuinely used for power generation. The Court directed the Revenue to refund the entire TCS amount with interest to the intermediaries, who must then refund the Petitioner within a specified timeframe. The Petitioner's claim for refund and 18% interest was denied as the benefit under Section 206C(1A) did not warrant interference. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463069