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2018 (5) TMI 1093 - HC - Income TaxAddition made u/s 206C(1) - non collection of TCS on sale of scrap - interest charged under Section 206C[7] - the assessee was trader of scrap and the provision of Section 206[1] was applicable to the assessee - Tribunal deleted the addition - Held that:- Tribunal has come to the factual finding that there was no doubt about genuineness of the declarations and co-relation between the goods sold. There was no mismatch between the goods sold and those covered under such declarations. Revenue, however, submitted that in the case of inordinate time taken by the assessee in producing such declarations, it would be very difficult for the Revenue to make inquiries; if found necessary. In a given situation, this may give rise to a further probe or even total denial of the relief from the operation of sub-section [7] of Section 206C of the Act; if necessary facts are not on record. However, in the present case, no such element is brought on the record by the Revenue. - Decided against revenue
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