Profit from Pig Iron and Slag Sales Qualifies for Section 80-IB Deduction, Says Tax Tribunal and Appeals Commissioner.

Profit from Pig Iron and Slag Sales Qualifies for Section 80-IB Deduction, Says Tax Tribunal and Appeals Commissioner. https://www.taxtmi.com/highlights?id=46180 Deduction u/s. 80-IB - Profit derived from the business of manufacture and sale of Pig Iron - Profit from the sale of slag, being a by-product - concurrent findings of facts by the CIT(A) & Tribunal that the slag generated out of the manufacturing process - satisfy the test of 'first degree source' - eligible for deduction u/s 80-IB en-us Tue, 30 Apr 2019 08:06:17 +0530 Tue, 30 Apr 2019 08:06:17 +0530 TaxTMI RSS Generator Profit from Pig Iron and Slag Sales Qualifies for Section 80-IB Deduction, Says Tax Tribunal and Appeals Commissioner. https://www.taxtmi.com/highlights?id=46180 Deduction u/s. 80-IB - Profit derived from the business of manufacture and sale of Pig Iron - Profit from the sale of slag, being a by-product - concurrent findings of facts by the CIT(A) & Tribunal that the slag generated out of the manufacturing process - satisfy the test of 'first degree source' - eligible for deduction u/s 80-IB Highlights Income Tax Tue, 30 Apr 2019 08:06:17 +0530 https://www.taxtmi.com/highlights?id=46180