https://www.taxtmi.com/caselaws?id=178673 The High Court upheld the ITAT's decision to allow a deduction under Section 80IB for income from the sale of scrap, following precedents from the Gujarat and Delhi High Courts. The Court emphasized that such income is directly connected to the manufacturing process and qualifies for the deduction as it is an integral part of the industrial activity. The appeal by the revenue was dismissed, affirming that the deduction under Section 80IB applies to income derived from the sale of scrap, in line with relevant legal precedents. en-us Sat, 21 Dec 2013 00:00:00 +0530 Tue, 23 Aug 2016 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178673 The High Court upheld the ITAT's decision to allow a deduction under Section 80IB for income from the sale of scrap, following precedents from the Gujarat and Delhi High Courts. The Court emphasized that such income is directly connected to the manufacturing process and qualifies for the deduction as it is an integral part of the industrial activity. The appeal by the revenue was dismissed, affirming that the deduction under Section 80IB applies to income derived from the sale of scrap, in line with relevant legal precedents. Case-Laws Income Tax Sat, 21 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178673