Sale of Usable Products and not Scrap: ITAT cancels TCS liability [Read Order]

Sale - Products - Scrap - ITAT - TCS - liability - TAXSCAN

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT), cancelled TCS liability as there was sale of usable products and not scrap. The assessee, Shree Balaji Build Tech is a firm dealing in trading of Iron and Steel goods. The assessee is mainly purchasing the scrap sold by RSP Rourkela. The RSP Rourkela is…

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