Court Rules on TCS Default Order Validity; Four-Year Limitation Deemed Reasonable u/ss 201(1) & 201(1A) IT Act.

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....Validity of order U/s 206C(6)/206C(7) - default in TCS liability - When no limitation is provided in the statute then a period of four years is considered as reasonable for passing the order U/s 201(1)/201(1A) of the Act.....