https://www.taxtmi.com/caselaws?id=268454 The ITAT allowed the appeal filed by Revenue for statistical purposes, directing relief to the assessee under Section 206C(1) only for the sale of scrap arising from manufacturing activity in ship breaking. The ITAT found that the products sold were usable and did not meet the definition of "waste and scrap" under Section 206C(1), hence not subject to tax deduction at source. The decision emphasized the distinction between usable products obtained from ship breaking and traditional scrap, leading to the deletion of the order passed under Section 201(1) and interest charge under Section 201(1A). en-us Thu, 14 May 2015 00:00:00 +0530 Thu, 26 Nov 2015 06:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268454 The ITAT allowed the appeal filed by Revenue for statistical purposes, directing relief to the assessee under Section 206C(1) only for the sale of scrap arising from manufacturing activity in ship breaking. The ITAT found that the products sold were usable and did not meet the definition of "waste and scrap" under Section 206C(1), hence not subject to tax deduction at source. The decision emphasized the distinction between usable products obtained from ship breaking and traditional scrap, leading to the deletion of the order passed under Section 201(1) and interest charge under Section 201(1A). Case-Laws Income Tax Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268454