https://www.taxtmi.com/caselaws?id=271787 The ITAT ruled in favor of the assessee, affirming the decision of the CIT(A) and allowing the deduction claimed on income from scrap sales under Section 80IB. The appeal by the Revenue challenging this decision was dismissed, with the ITAT holding that income from the sale of scrap is eligible for deduction as it is derived from the manufacturing activity. The ITAT referenced previous decisions and a judgment by the Hon'ble Gujarat High Court to support its ruling. en-us Wed, 13 Jan 2016 00:00:00 +0530 Wed, 17 Feb 2016 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271787 The ITAT ruled in favor of the assessee, affirming the decision of the CIT(A) and allowing the deduction claimed on income from scrap sales under Section 80IB. The appeal by the Revenue challenging this decision was dismissed, with the ITAT holding that income from the sale of scrap is eligible for deduction as it is derived from the manufacturing activity. The ITAT referenced previous decisions and a judgment by the Hon'ble Gujarat High Court to support its ruling. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271787