61 results for “section 68”+ Section 206Cclear
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Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi
206C of the Income Tax Act, 1961 where, liquor seller is supposed to collect 1% of the total trade value as TCS from the buyer and deposit the same into the Government Account. Considering, the payment made to M/s Alfa India by M/s Sohan Lai Singla & M/s Om Prakash Singla, as bogus purchase of liquor by them, a search