https://www.taxtmi.com/caselaws?id=268407 Whether items sold from ship-breaking constituted "scrap" attracting TCS under s.206C(1) was the dominant issue. HC held that the Tribunal's finding that old/used plates and other items were usable as such and hence not "waste and scrap" within the Explanation to s.206C(1) was a pure finding of fact, not giving rise to any substantial question of law; consequently, the Tribunal's direction remitting the matter to the AO to grant appropriate relief confined to sale of scrap arising out of manufacturing activity during ship-breaking, after hearing, was sustained, and the revenue's challenge was rejected. en-us Tue, 03 Nov 2015 00:00:00 +0530 Fri, 09 Jan 2026 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268407 Whether items sold from ship-breaking constituted "scrap" attracting TCS under s.206C(1) was the dominant issue. HC held that the Tribunal's finding that old/used plates and other items were usable as such and hence not "waste and scrap" within the Explanation to s.206C(1) was a pure finding of fact, not giving rise to any substantial question of law; consequently, the Tribunal's direction remitting the matter to the AO to grant appropriate relief confined to sale of scrap arising out of manufacturing activity during ship-breaking, after hearing, was sustained, and the revenue's challenge was rejected. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268407