https://www.taxtmi.com/caselaws?id=333413 The Tribunal ruled in favor of the assessee in appeals against demands under section 206C(7) for Asstt. Years 2011-12 to 2013-14. The High Court upheld the Tribunal's decision, stating that materials usable as such would not be classified as scrap under the Act. The Tribunal directed the Assessing Officer to grant relief to the assessee for sales of scrap arising from manufacturing activity in ship breaking. The judgment emphasized that the items sold were reusable products, not scrap, exempting the assessee from tax collection under section 206C. Consequently, all appeals were allowed, and the additions made by the Revenue were deleted. en-us Thu, 01 Sep 2016 00:00:00 +0530 Thu, 13 Oct 2016 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333413 The Tribunal ruled in favor of the assessee in appeals against demands under section 206C(7) for Asstt. Years 2011-12 to 2013-14. The High Court upheld the Tribunal's decision, stating that materials usable as such would not be classified as scrap under the Act. The Tribunal directed the Assessing Officer to grant relief to the assessee for sales of scrap arising from manufacturing activity in ship breaking. The judgment emphasized that the items sold were reusable products, not scrap, exempting the assessee from tax collection under section 206C. Consequently, all appeals were allowed, and the additions made by the Revenue were deleted. Case-Laws Income Tax Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333413