M/S. LALA BHARAT LAL AND SONS,LUCKNOW vs. INCOME TAX OFFICER (TDS), LUCKNOW
In the result, the appeals of the assessee are allowed whereas the stay petitions are dismissed
ITA 14/LKW/2019[2014-15]Status: DisposedITAT Lucknow19 Feb 2020AY 2014-15
Bench: Shri. A. D. Jain & Shri. T.S. Kapoor
For Appellant: Shri Rakesh Garg, AdvocateFor Respondent: Shri Ajay Kumar, D.R
Section 206CSection 206C(1)Section 206C(6)
section 206C(1). Having said so, we restore the issue to Assessing Officer with direction to grant relief to assessee under the provision of 206C(1) of Act, with regards to only sale of scrap arising out of manufacturing activity in course of ship breaking after providing due opportunity of hearing to assessee.”
7. The Hon'ble High Court