https://www.taxtmi.com/caselaws?id=66820 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order on all issues. It ruled that conversion charges, profit from the sale of scrap, and interest on delayed payments are eligible for deduction under Section 80-IB of the IT Act, 1961. The Tribunal found that these incomes have a direct nexus with the manufacturing activities of the industrial undertaking, thereby qualifying for the deduction. The Tribunal's decision aligned with the relevant judgments, confirming the eligibility of these items for tax deductions under the specified section. en-us Fri, 28 Mar 2008 00:00:00 +0530 Wed, 20 Dec 2023 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66820 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order on all issues. It ruled that conversion charges, profit from the sale of scrap, and interest on delayed payments are eligible for deduction under Section 80-IB of the IT Act, 1961. The Tribunal found that these incomes have a direct nexus with the manufacturing activities of the industrial undertaking, thereby qualifying for the deduction. The Tribunal's decision aligned with the relevant judgments, confirming the eligibility of these items for tax deductions under the specified section. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66820