https://www.taxtmi.com/caselaws?id=203737 The High Court interpreted Section 80IB of the Income Tax Act, 1961, ruling in favor of the assessee. It held that receipts from scrap sales, job work, and labour charges were derived from the industrial activities of forging and heat treatment, making them eligible for deduction under Section 80IB. The Court emphasized that these activities were integral to the manufacturing process of the industrial undertaking, affirming the Tribunal's decision and dismissing the Revenue's appeals. en-us Fri, 03 Jun 2011 00:00:00 +0530 Fri, 05 Jun 2026 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203737 The High Court interpreted Section 80IB of the Income Tax Act, 1961, ruling in favor of the assessee. It held that receipts from scrap sales, job work, and labour charges were derived from the industrial activities of forging and heat treatment, making them eligible for deduction under Section 80IB. The Court emphasized that these activities were integral to the manufacturing process of the industrial undertaking, affirming the Tribunal's decision and dismissing the Revenue's appeals. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203737