https://www.taxtmi.com/caselaws?id=216344 The Tribunal upheld the decision of the CIT (Appeals) to exclude only the profit element from the sale of scrap for computing the deduction under section 80HHC of the Income Tax Act, 1961. The Assessing Officer recalculated the profits on the sale of scrap at Rs. 2,98,598, in line with the CIT (Appeals) ruling. The Tribunal dismissed the Revenue's appeal, and the Cross Objections filed by the assessee were withdrawn and dismissed. en-us Fri, 22 Jun 2012 00:00:00 +0530 Tue, 28 Aug 2012 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216344 The Tribunal upheld the decision of the CIT (Appeals) to exclude only the profit element from the sale of scrap for computing the deduction under section 80HHC of the Income Tax Act, 1961. The Assessing Officer recalculated the profits on the sale of scrap at Rs. 2,98,598, in line with the CIT (Appeals) ruling. The Tribunal dismissed the Revenue's appeal, and the Cross Objections filed by the assessee were withdrawn and dismissed. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216344