No TDS on Wastage of Gold during Jewellery Creation as ‘Making Charges’: ITAT deletes Disallowance [Read Order]

TDS - Wastage of Gold - wastage - Gold - jewellery - Jewellery Creation - Making Charges - ITAT - Disallowance - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai Bench has recently held in favour of the assessee engaged in manufacture of gold and silver jewellery that, the issue of wastage whether it is 0.5% to 1% as estimated by Revenue or it is 4.5% to 6% as claimed by assessee, it neither involves any payment or…

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