TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>ITAT Pune upholds CIT(A)'s decision allowing deduction under section 80IC for scrap income</h1> The ITAT Pune dismissed the Revenue's appeal against the CIT(A)'s order allowing the assessee's claim under section 80IC for income from the sale of ... Deduction u/s. 80IC - income earned from sale of scrap - Income derived from the activities of the eligible business or not? - AO denied the claim of assessee in claiming deduction in respect of income from sale of manufacturing scrap at Roorkee Plant - HELD THAT:- CIT(A) by placing reliance on the order in assessee‟s own case [2012 (3) TMI 658 - ITAT PUNE] and allowed the claim of assessee by holding that the income earned from sale of scrap is an eligible business and the assessee is entitled to claim the said income as deduction u/s. 80IC of the Act vide para 5.2 of impugned order. No contrary order was brought on record by the appellant-revenue. Therefore, we find no infirmity in the order of CIT(A) and it is justified. - Decided against revenue. The Appellate Tribunal ITAT Pune dismissed the Revenue's appeal against the CIT(A)'s order allowing the claim of assessee u/s. 80IC for income from sale of scrap, holding it eligible for deduction. The Tribunal found no infirmity in the CIT(A)'s decision and dismissed the Revenue's appeal. (2020 (1) TMI 1331 - ITAT PUNE)
TaxTMI 
TaxTMI 
