Applicability of TCS provisions - Selling of Molasses and ...

Molasses and bagasse sales exempt from TCS; not considered scrap under Explanation (b) to section 206C of Income Tax Act.

December 13, 2013

Case Laws Income Tax AT

Applicability of TCS provisions - Selling of Molasses and bagasses – 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 - AT

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Applicability of TCS provisions - Selling of Molasses and ...

Molasses and bagasse sales exempt from TCS; not considered scrap under Explanation (b) to section 206C of Income Tax Act.

December 13, 2013

Case Laws Income Tax AT

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