https://www.taxtmi.com/caselaws?id=285257 The Tribunal ruled in favor of the Assessee, holding that the items sold, though commercially termed as scrap, were not waste or scrap but reusable products from ship breaking activity. As such, the Assessee was not liable to collect tax at source under Section 206C of the Income Tax Act. The Tribunal directed the Assessing Officer to grant relief under Section 206C(1) only for sales arising from manufacturing activity in ship breaking, ultimately absolving the Assessee from the demand raised by the Assessing Officer. en-us Wed, 10 Jan 2018 00:00:00 +0530 Fri, 10 Jan 2020 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285257 The Tribunal ruled in favor of the Assessee, holding that the items sold, though commercially termed as scrap, were not waste or scrap but reusable products from ship breaking activity. As such, the Assessee was not liable to collect tax at source under Section 206C of the Income Tax Act. The Tribunal directed the Assessing Officer to grant relief under Section 206C(1) only for sales arising from manufacturing activity in ship breaking, ultimately absolving the Assessee from the demand raised by the Assessing Officer. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285257