https://www.taxtmi.com/caselaws?id=240872 The Tribunal ruled that molasses and bagasses generated during sugar production do not qualify as scrap under section 206C of the Income Tax Act, 1961. The assessee was not required to deduct tax at source on the sale of molasses and bagasses, and no interest could be charged. The Tribunal allowed all appeals, overturning the orders of the Ld. CIT(A) and AO, absolving the assessee from default. en-us Mon, 11 Feb 2013 00:00:00 +0530 Fri, 13 Dec 2013 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240872 The Tribunal ruled that molasses and bagasses generated during sugar production do not qualify as scrap under section 206C of the Income Tax Act, 1961. The assessee was not required to deduct tax at source on the sale of molasses and bagasses, and no interest could be charged. The Tribunal allowed all appeals, overturning the orders of the Ld. CIT(A) and AO, absolving the assessee from default. Case-Laws Income Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240872