Assessee accepted that goods purchased by it from railway was scrap and it also paid TCS on said purchase Tribunal held that resale of same material by assessee would not partake a different character and he would be held-in default for non collection of tax at time of resale in terms of section 206C(6A)/(7). (AY. 2017-18)
Pramod Kumar Jain v. ITO (2020) 183 ITD 442/206 TTJ 25 (UO) (Jaipur)(Trib.)
S. 206C : Collection at source-Scrap-Purchase of scrap material from railways which was subjected to TCS, resale of same material by assessee would not partake a different character and he would be held-in default for non collection of tax at time of resale. [S. 206C(6A) 206C(7)]