Delayed TCS Form 27C Submissions Valid Due to No Strict Timeline

Girishkumar Ramnarayan Shah Vs ITO (ITAT Ahmedabad)

In the case Girishkumar Ramnarayan Shah vs. ITO, the ITAT Ahmedabad addressed the applicability of Tax Collected at Source (TCS) under Section 206C of the Income Tax Act on scrap sales made by the appellant, a trader in ferrous and nonferrous metal scrap. The main dispute involved whether the appellant was liable to collect TCS on scrap sales totaling approximately INR 3.07 crore for the financial year 2011-12. The Assessing Officer (AO) had imposed a tax demand of INR 5.53 lakh, as the appellant did not collect TCS or su

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