No TCS on Illegal Mining Compounding Fees Under Section 206C(1C): SC

DCIT Vs Collector Mining Kanker (Supreme Court of India) In , the Supreme Court dismissed the Special Leave Petition filed against the judgment of the Chhattisgarh High Court and declined to interfere with the High Court’s findings. The Court condoned the delay and upheld the impugned judgment, thereby affirming that tax collection at source (TCS) under Section 206C(1C) of the Income Tax Act, 1961 is not applicable on compounding fees or fines collected from persons involved in illegal mining activities. Read HC Judgment in this case: TCS Cannot Be Collected on Illegal Mining Compounding ...