https://www.taxtmi.com/caselaws?id=259953 The High Court upheld the Tribunal's decisions in favor of the assessee on all three issues. The deduction under section 80HHBA for income from the sale of scrap was allowed as it was considered derived from the industrial undertaking. The deletion of accrued interest income was upheld since the waiver of interest occurred before accrual. Additionally, the treatment of registration and stamp duty expenses as revenue expenditure for the real estate project was affirmed. The High Court dismissed the appeal, confirming the Tribunal's decisions on all issues in favor of the assessee. en-us Fri, 08 May 2015 00:00:00 +0530 Wed, 27 May 2015 06:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259953 The High Court upheld the Tribunal's decisions in favor of the assessee on all three issues. The deduction under section 80HHBA for income from the sale of scrap was allowed as it was considered derived from the industrial undertaking. The deletion of accrued interest income was upheld since the waiver of interest occurred before accrual. Additionally, the treatment of registration and stamp duty expenses as revenue expenditure for the real estate project was affirmed. The High Court dismissed the appeal, confirming the Tribunal's decisions on all issues in favor of the assessee. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259953