Assessee Avoids Penalty for Not Collecting TCS on Scrap Sales; Buyers Already Paid Taxes, No Demand Left.

Failure to collect tax at source (TCS) u/s on the sales - whether the material is scrap or not - assessee failed to collect TCS @ 1% - Since taxes have already been paid by the buyers and there was no tax demand remained. - No penalty - AT .....

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