https://www.taxtmi.com/caselaws?id=785667 Compounding fees collected from persons engaged in illegal mining, transportation or storage of minerals under the Chhattisgarh Minor Mineral Rules were examined for tax collection at source under section 206C. The issue was whether such compounding fee could be treated as consideration or a taxable receipt by relying on the definition in section 2(47) of the Income-tax Act. The SC noted the ITAT was unjustified in applying section 2(47) to bring the compounding fee within section 206C(1C), and it did not interfere with the HC judgment upholding that view. The special leave petition was dismissed. en-us Tue, 27 Jan 2026 00:00:00 +0530 Tue, 14 Jul 2026 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785667 Compounding fees collected from persons engaged in illegal mining, transportation or storage of minerals under the Chhattisgarh Minor Mineral Rules were examined for tax collection at source under section 206C. The issue was whether such compounding fee could be treated as consideration or a taxable receipt by relying on the definition in section 2(47) of the Income-tax Act. The SC noted the ITAT was unjustified in applying section 2(47) to bring the compounding fee within section 206C(1C), and it did not interfere with the HC judgment upholding that view. The special leave petition was dismissed. Case-Laws Income Tax Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785667