BULDANA URBAN CO OP CREDIT SOCIETY LTD AND NATIONAL BUILDING CONSTRUCTION(JV),BULDHANA vs. I.T.O. (TDS)1(2), AKOLA

In the result, all the appeals filed by the assessee stand allowed

Bench: Shri Jason P Boaz, Hon’Ble & Shri Sandeep Gosain, Hon’Ble

section 206C(7) of the Act with regard to charging of interest was introduced by Finance Act, 2012 and was thus not applicable to any years prior to that. 8. The AOP and its members are not separate entities, therefore no TCS was required to be collected from its member. Even, in the remand report, learned CIT(A) has admitted

BULDANA URBAN CO-OP CREDIT SOCIETY LTD.AND NATIONAL BUILDING CONSTRAUCTION (J.V). ,BULDHANA vs. INCOME TAX OFFICER TDS WARD 1(2), AKOLA

In the result, all the appeals filed by the assessee stand allowed