https://www.taxtmi.com/caselaws?id=790989 Compounding fees collected from illegal miners and transporters of minerals were held not to justify TCS under section 206C(1C) by relying on the definition of "goods" in section 2(47) of the Income-tax Act. The High Court found the ITAT unjustified in treating such compounding fee or fine as chargeable under that provision. The Supreme Court declined to interfere with the High Court's judgment and dismissed the special leave petitions, leaving the High Court's view undisturbed. en-us Thu, 30 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 07:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790989 Compounding fees collected from illegal miners and transporters of minerals were held not to justify TCS under section 206C(1C) by relying on the definition of "goods" in section 2(47) of the Income-tax Act. The High Court found the ITAT unjustified in treating such compounding fee or fine as chargeable under that provision. The Supreme Court declined to interfere with the High Court's judgment and dismissed the special leave petitions, leaving the High Court's view undisturbed. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790989