https://www.taxtmi.com/caselaws?id=162571 The High Court dismissed the appeal as no substantial question of law arose for consideration. The Tribunal determined that cotton waste did not qualify as 'scrap' under Section 206C of the IT Act, as it was reused as raw material, making it usable and not falling within the definition of scrap. Additionally, the Tribunal condoned the technical breach of non-collection of tax at source under Section 206C (1A) of the IT Act, as the assessee had obtained and submitted Form 27C to the assessing authority, following precedent. Thus, the High Court found no grounds to entertain the appeal. en-us Tue, 21 Dec 2010 00:00:00 +0530 Sat, 07 Jun 2014 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162571 The High Court dismissed the appeal as no substantial question of law arose for consideration. The Tribunal determined that cotton waste did not qualify as 'scrap' under Section 206C of the IT Act, as it was reused as raw material, making it usable and not falling within the definition of scrap. Additionally, the Tribunal condoned the technical breach of non-collection of tax at source under Section 206C (1A) of the IT Act, as the assessee had obtained and submitted Form 27C to the assessing authority, following precedent. Thus, the High Court found no grounds to entertain the appeal. Case-Laws Income Tax Tue, 21 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162571