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Assessee's Default u/s 206C: NFAC Order Set Aside Over Late Form 27C, Rule 37C Interpretation Challenged.

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....Default u/s. 206C - assessee has not collected TCS on sale of scraps - late filing of Form 27C - the A.O. failed to verify the Form 27C though the assessee submitted belatedly and the Ld. A.O. declined to accept the same in view of Rule 37C of the I.T. Rules. Further there is no issue qua genuineness of these Forms. - order passed by the NFAC set aside - AT....

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Assessee's Default u/s 206C: NFAC Order Set Aside Over Late Form 27C, Rule 37C Interpretation Challenged.