Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 537 - AT - Income TaxApplicability of TCS provisions - Selling of Molasses and bagasses – Held that:- Following CIT vs. Deep Chand and others [2002 (5) TMI 37 - DELHI High Court] - Molasses is not a waste or scrap and cannot be used as such - It does not fall within the meaning of scrap as defined in Explanation (b) to section 206C - The assessee cannot be held to be in default and is not required to deduct tax under section 206C(6) on the Molasses and no interest could be charged under section 206(7) – Decided in favour of assessee.
|