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of <h1>Tribunal Upholds Deductions for 'Sale of Raddi' and 'Printing done from outside' under Section 80-IC</h1> <h3>The Deputy Commissioner of Income tax, Versus M/s. MBD Printographics P. Ltd.,</h3> The Tribunal dismissed the Revenue's appeal and the assessee's Cross Objection, affirming the CIT(A)'s decisions on the eligibility of deductions under ... - Issues involved:The judgment involves an appeal by the Revenue and a cross objection by the assessee against the order of the CIT(A), Jalandhar, relating to the assessment year 2005-06.Ground raised by Revenue:The Revenue challenged the inclusion of income from 'Sale of Raddi' and 'Printing got done from outside' in 'Eligible Profit' for deduction u/s.80IC.Facts of the case:The assessee's income is derived from printing, publishing, and sale of books, with a total turnover of &8377; 13,92,23,831. The Assessing Officer (A.O.) disallowed deduction u/s.80-IC for 'Sale of Raddi' and 'Printing done from outside.'CIT(A)'s decision - Sale of Raddi:The CIT(A) allowed the claim for 'Sale of Raddi,' citing precedents establishing a direct nexus between income and the industrial undertaking. The sale of Raddi, being a by-product of the manufacturing activity, was deemed eligible for deduction u/s.80IC.CIT(A)'s decision - Printing done from outside:The CIT(A) upheld the deduction for 'Printing done from outside,' reasoning that the assessee, being an industrial undertaking, should not be disentitled to the deduction for a small portion of work done externally.Appellate Tribunal's decision:The Tribunal upheld the CIT(A)'s decisions, emphasizing the direct nexus between income and the industrial undertaking for eligibility under section 80-IC.Cross Objection by the assessee:The assessee raised grounds related to the belated appeal filing by the Deputy Commissioner of Income Tax, which were dismissed by the Tribunal.Conclusion:The appeal by the Revenue and the Cross Objection by the assessee were both dismissed by the Tribunal, upholding the CIT(A)'s decisions regarding the eligibility of deductions u/s.80IC for 'Sale of Raddi' and 'Printing done from outside.'
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