https://www.taxtmi.com/caselaws?id=217572 The Tribunal allowed the appeal for the assessment year 2001-02, granting the deduction on the entire income from scrap sales under section 10B. For the assessment year 2002-03, the appeal was partly allowed, directing the Assessing Officer to include the sale proceeds of scrap in total turnover and business income for the purpose of deduction under section 10B. Other grounds of appeal were dismissed, resulting in a favorable outcome for the assessee in both assessment years. en-us Tue, 31 Jul 2012 00:00:00 +0530 Thu, 18 Oct 2012 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217572 The Tribunal allowed the appeal for the assessment year 2001-02, granting the deduction on the entire income from scrap sales under section 10B. For the assessment year 2002-03, the appeal was partly allowed, directing the Assessing Officer to include the sale proceeds of scrap in total turnover and business income for the purpose of deduction under section 10B. Other grounds of appeal were dismissed, resulting in a favorable outcome for the assessee in both assessment years. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217572