Scrap Sale Receipts Qualify for Deduction u/s 80IC of Income Tax Act as Industrial Gains. https://www.taxtmi.com/highlights?id=23394 Deduction u/s 80IC - The receipts of sale of scrap being part and parcel of the activity and being proximate thereto would also be within the ambit of gains derived from industrial undertaking - exemption allowed - AT en-us Fri, 19 Jun 2015 12:04:00 +0530 Fri, 19 Jun 2015 12:04:00 +0530 TaxTMI RSS Generator Scrap Sale Receipts Qualify for Deduction u/s 80IC of Income Tax Act as Industrial Gains. https://www.taxtmi.com/highlights?id=23394 Deduction u/s 80IC - The receipts of sale of scrap being part and parcel of the activity and being proximate thereto would also be within the ambit of gains derived from industrial undertaking - exemption allowed - AT Highlights Income Tax Fri, 19 Jun 2015 12:04:00 +0530 https://www.taxtmi.com/highlights?id=23394