https://www.taxtmi.com/caselaws?id=13099 The court ruled in favor of the Revenue regarding the taxability of unclaimed sundry credit balances written back to the profit and loss account, holding that such amounts should be treated as income. Additionally, the court ruled in favor of the Revenue by denying relief under sections 32A, 80J, and 80HH for income from a tyre retreading unit, as retreading did not qualify as the production of a new article for the purposes of these reliefs. However, the court allowed a deduction under section 80HH for income from the sale of scrap materials but excluded interest on deposits from qualifying for the deduction. Finally, the court ruled in favor of the assessee by including the cost of the building under construction in determining the deduction under section 80J. en-us Thu, 12 Apr 2001 00:00:00 +0530 Tue, 26 May 2009 13:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13099 The court ruled in favor of the Revenue regarding the taxability of unclaimed sundry credit balances written back to the profit and loss account, holding that such amounts should be treated as income. Additionally, the court ruled in favor of the Revenue by denying relief under sections 32A, 80J, and 80HH for income from a tyre retreading unit, as retreading did not qualify as the production of a new article for the purposes of these reliefs. However, the court allowed a deduction under section 80HH for income from the sale of scrap materials but excluded interest on deposits from qualifying for the deduction. Finally, the court ruled in favor of the assessee by including the cost of the building under construction in determining the deduction under section 80J. Case-Laws Income Tax Thu, 12 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13099