https://www.taxtmi.com/caselaws?id=362676 The Tribunal upheld the allowance of deduction under section 80IA for the sale of sludge/waste oil by the assessee, engaged in power generation business. It determined that the sale receipts were directly attributable to the business activity and qualified for the deduction, citing past decisions and the integral relationship between the by-products and the primary business. The Tribunal dismissed the revenue's appeals, emphasizing the direct nexus between the sale of sludge/waste oil and the industrial undertaking of power generation, in line with the assessee's favorable precedent for AY 2010-11. en-us Wed, 27 Jun 2018 00:00:00 +0530 Sat, 30 Jun 2018 08:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362676 The Tribunal upheld the allowance of deduction under section 80IA for the sale of sludge/waste oil by the assessee, engaged in power generation business. It determined that the sale receipts were directly attributable to the business activity and qualified for the deduction, citing past decisions and the integral relationship between the by-products and the primary business. The Tribunal dismissed the revenue's appeals, emphasizing the direct nexus between the sale of sludge/waste oil and the industrial undertaking of power generation, in line with the assessee's favorable precedent for AY 2010-11. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362676