https://www.taxtmi.com/caselaws?id=297625 The Tribunal rejected the challenge to the initiation of proceedings under Section 153A as no specific arguments were presented. Regarding the claim of deduction under Section 80IB for scrap sales, the Tribunal sided with the assessee, following a favorable decision by the High Court, holding that scrap sales should be included in computing the deduction. Consequently, the Tribunal directed the Assessing Officer to calculate the deduction including scrap sales. The appeals of the assessee were partly allowed by the ITAT Delhi. en-us Fri, 20 Dec 2013 00:00:00 +0530 Tue, 14 Sep 2021 17:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297625 The Tribunal rejected the challenge to the initiation of proceedings under Section 153A as no specific arguments were presented. Regarding the claim of deduction under Section 80IB for scrap sales, the Tribunal sided with the assessee, following a favorable decision by the High Court, holding that scrap sales should be included in computing the deduction. Consequently, the Tribunal directed the Assessing Officer to calculate the deduction including scrap sales. The appeals of the assessee were partly allowed by the ITAT Delhi. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297625