https://www.taxtmi.com/caselaws?id=788267 Where quarterly TCS returns, reconciliation statements and supporting records showed that tax on scrap sales had already been collected and deposited, a demand for alleged short collection under section 206C(6A) read with section 206C(7) was held unsustainable. The mismatch relied on by the Assessing Officer arose from differences between the audited profit and loss account and TCS return figures, including treatment of roll scrap sale and duty and tax components. On the material available, there was no factual default in collection or payment of TCS, and the impugned demand was deleted in favour of the assessee. en-us Tue, 17 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788267 Where quarterly TCS returns, reconciliation statements and supporting records showed that tax on scrap sales had already been collected and deposited, a demand for alleged short collection under section 206C(6A) read with section 206C(7) was held unsustainable. The mismatch relied on by the Assessing Officer arose from differences between the audited profit and loss account and TCS return figures, including treatment of roll scrap sale and duty and tax components. On the material available, there was no factual default in collection or payment of TCS, and the impugned demand was deleted in favour of the assessee. Case-Laws Income Tax Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788267