TMI Blog2010 (12) TMI 1084X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER F.M.IBRAHIM KALIFULLA) The Revenue has come forward with this appeal seeking to raise the-.following substantial questions of law: 1. Whether on the facts and circumstances of the case, the Tribunal was right in deciding that-cotton waste cannot be considered as 'scrap' within :the meaning of explanation to Section 206 of the IT Act? 2. Whether on the fac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chalam r:-anrted in 208 ITR 481. Therefore, we do not find any scope to entertain the said question. 3. As far as the first question is concerned, it related to sale of cotton waste. Accordingly to the Revenue, the said sale shouldbe construed as salt of scrap within the meaning of Explanation (b) to Section 206C of the Income Tax Act. Explanation (b) of Section 206C reads as follows: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the definition of scrap as defined in Explanation (b) of Section 206C of the Act. As the said conclusion of the Tribunal having been reached as a finding of fact, we do not find any question of law much less substantial question of law to be considered in this appeal. The Tax Case. Appeal is therefore dismissed. No costs. Consequently, M.P.No.1 of 2010 is also dismissed. - - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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