https://www.taxtmi.com/caselaws?id=394531 The Tribunal concluded that the appellant's trading activities in ferrous and non-ferrous metals did not constitute the sale of scrap under section 206C of the Income Tax Act, 1961, as the materials did not arise from manufacturing or mechanical processes. Consequently, the appellant was not liable to collect Tax Collected at Source (TCS). The Tribunal set aside the orders of the AO and CIT(A), allowing the appellant's appeals and dismissing the stay petitions as infructuous. The decision was pronounced in open court on 19/02/2020. en-us Wed, 19 Feb 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394531 The Tribunal concluded that the appellant's trading activities in ferrous and non-ferrous metals did not constitute the sale of scrap under section 206C of the Income Tax Act, 1961, as the materials did not arise from manufacturing or mechanical processes. Consequently, the appellant was not liable to collect Tax Collected at Source (TCS). The Tribunal set aside the orders of the AO and CIT(A), allowing the appellant's appeals and dismissing the stay petitions as infructuous. The decision was pronounced in open court on 19/02/2020. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394531