https://www.taxtmi.com/caselaws?id=447084 The ITAT Jodhpur held that minor forest products are not subject to TCS provisions under section 206C(1) of the Income Tax Act. The tribunal distinguished between forest products and minor forest products, noting that while forest products include timber and non-timber items requiring TCS collection, minor forest products comprise non-wood items like grasses, bamboos, leaves, and other vegetable/animal origin products that are specifically excluded from TCS requirements. The assessee's appeal was allowed, and the AO's addition was quashed as minor forest products fall outside the scope of section 206C(1). en-us Fri, 15 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 09:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447084 The ITAT Jodhpur held that minor forest products are not subject to TCS provisions under section 206C(1) of the Income Tax Act. The tribunal distinguished between forest products and minor forest products, noting that while forest products include timber and non-timber items requiring TCS collection, minor forest products comprise non-wood items like grasses, bamboos, leaves, and other vegetable/animal origin products that are specifically excluded from TCS requirements. The assessee's appeal was allowed, and the AO's addition was quashed as minor forest products fall outside the scope of section 206C(1). Case-Laws Income Tax Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447084