Dismissing the appeal of the revenue the Tribunal held that the assessee had submitted declaration before Assessing Officer from the buyer stating that he is purchasing goods for reuse in manufacturing process or producing article or things hence tax not required to be collected. (AY. 2014-15)
CIT (OSD) v. Bansal Ship Breakers (P.) Ltd. (2019) 176 ITD 319 (Ahd.)(Trib.)
S. 206C : Collection at source–Scrap-Ship breaking–Declaration from buyer that he is purchasing goods for reuse in manufacturing process or producing article or things-Tax not required to be collected. [S. 206C(7), 206(IA)]