https://www.taxtmi.com/caselaws?id=470456 Section 206C continues to operate independently as a tax-collection-at-source mechanism after repeal of Section 44AC. Sections 44AC and 206C are machinery provisions, while the charge on income arises under the Income-tax Act's charging provisions. The retention and subsequent expansion of Section 206C support its independent application to specified goods and collection arrangements. Timber obtained otherwise than under a forest lease is not limited to timber from standing trees in India, and imported timber has no stated statutory exclusion. Sellers of imported timber must collect tax at source from buyers; failure triggers consequences applicable to an assessee in default. en-us Thu, 02 Feb 2017 00:00:00 +0530 Tue, 28 Jul 2026 16:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470456 Section 206C continues to operate independently as a tax-collection-at-source mechanism after repeal of Section 44AC. Sections 44AC and 206C are machinery provisions, while the charge on income arises under the Income-tax Act's charging provisions. The retention and subsequent expansion of Section 206C support its independent application to specified goods and collection arrangements. Timber obtained otherwise than under a forest lease is not limited to timber from standing trees in India, and imported timber has no stated statutory exclusion. Sellers of imported timber must collect tax at source from buyers; failure triggers consequences applicable to an assessee in default. Case-Laws Income Tax Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470456