https://www.taxtmi.com/highlights?id=61301 Failure to collect TCS u/s 206C(1) - trading of scrap - sale of scrap to manufacturer - Period of limitation - assessee being trader, not covered in definition of "scrap", since scrap is not generated from manufacturing or mechanical working of material, therefore the assessee is not covered in definition of ‘scrap’. Hence, in our considered opinion, the assessee cannot be treated as an assessee in default - AT en-us Thu, 06 Jan 2022 10:55:37 +0530 Thu, 06 Jan 2022 10:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61301 Failure to collect TCS u/s 206C(1) - trading of scrap - sale of scrap to manufacturer - Period of limitation - assessee being trader, not covered in definition of "scrap", since scrap is not generated from manufacturing or mechanical working of material, therefore the assessee is not covered in definition of ‘scrap’. Hence, in our considered opinion, the assessee cannot be treated as an assessee in default - AT Highlights Income Tax Thu, 06 Jan 2022 10:55:37 +0530 https://www.taxtmi.com/highlights?id=61301