https://www.taxtmi.com/caselaws?id=264224 The Tribunal upheld the deduction under Section 80IB for the sale of scrap, citing precedent and the direct link with the industrial undertaking. Additionally, depreciation on intangible assets was allowed based on prior depreciation granted on the block of assets. The assessee's appeal was allowed, directing the Assessing Officer to permit the claimed depreciation. The Revenue's appeals were dismissed. en-us Mon, 31 Aug 2015 00:00:00 +0530 Mon, 21 Sep 2015 10:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264224 The Tribunal upheld the deduction under Section 80IB for the sale of scrap, citing precedent and the direct link with the industrial undertaking. Additionally, depreciation on intangible assets was allowed based on prior depreciation granted on the block of assets. The assessee's appeal was allowed, directing the Assessing Officer to permit the claimed depreciation. The Revenue's appeals were dismissed. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264224