https://www.taxtmi.com/caselaws?id=210215 The Tribunal held that traders in scrap, deriving materials from dismantling buildings, were not liable under Section 206C of the Income Tax Act. The Tribunal found that the scrap sold did not meet the criteria specified in the statute, as it did not originate from manufacturing or mechanical working processes. The Tribunal emphasized the need for a strict interpretation of fiscal statutes and concluded that the legislative intent did not encompass traders within the scope of Section 206C. As a result, the Tribunal allowed the appeals, setting aside the demands raised by the Assessing Officer. en-us Fri, 17 Jun 2011 00:00:00 +0530 Sat, 27 Aug 2016 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210215 The Tribunal held that traders in scrap, deriving materials from dismantling buildings, were not liable under Section 206C of the Income Tax Act. The Tribunal found that the scrap sold did not meet the criteria specified in the statute, as it did not originate from manufacturing or mechanical working processes. The Tribunal emphasized the need for a strict interpretation of fiscal statutes and concluded that the legislative intent did not encompass traders within the scope of Section 206C. As a result, the Tribunal allowed the appeals, setting aside the demands raised by the Assessing Officer. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210215