https://www.taxtmi.com/caselaws?id=335287 The High Court ruled in favor of the assessee on all issues raised in the appeal related to the interpretation and application of provisions of the Income Tax Act. The Court held that scrap sales should not be included in turnover for deduction under Section 80HHC, and interest income should be deducted as per the Supreme Court's decision. Additionally, the Court clarified that recalling an order without addressing specific grounds raised constitutes a review rather than rectification under Section 254(2) of the Income Tax Act. The appeal was dismissed, preserving the issue for future consideration. en-us Wed, 16 Nov 2016 00:00:00 +0530 Mon, 28 Nov 2016 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335287 The High Court ruled in favor of the assessee on all issues raised in the appeal related to the interpretation and application of provisions of the Income Tax Act. The Court held that scrap sales should not be included in turnover for deduction under Section 80HHC, and interest income should be deducted as per the Supreme Court's decision. Additionally, the Court clarified that recalling an order without addressing specific grounds raised constitutes a review rather than rectification under Section 254(2) of the Income Tax Act. The appeal was dismissed, preserving the issue for future consideration. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335287