In the result, the appeals of the assessee are allowed whereas the stay petitions are dismissed
Bench: Shri. A. D. Jain & Shri. T.S. Kapoor
section 206C of the Act, as the same had not been generated from manufacture or mechanical working done by the assessee. It was submitted that the assessee had also relied on the order of the ITAT Ahmedabad ‘B’ Bench in the case of ‘Navine Fluorine International Ltd. vs. ACIT(TDS