Section 206C Seller Need not take the Declaraton in Form 27C from buyer at moment of sales
Facts of the Case :- Assessing Officer opined that when it effected sale of wood pulp, assessee was obliged to collect tax at source under section 206C . He thus, concluded that assessee was in default for short collection within meaning of section 206C(6A) . HELD since as per section 206C(IB), obligation of assessee to… Read More »