https://www.taxtmi.com/caselaws?id=299517 The Tribunal upheld the CIT(A)'s decision allowing the deduction u/s. 80IB for income from sale of scrap, emphasizing the direct nexus with the industrial undertaking. Additionally, the Tribunal affirmed the exclusion of a surplus from taxable income arising from pre-payment of deferred sales tax loan liability, following a Tribunal decision. The Revenue's appeal was dismissed, and the Tribunal's order was pronounced on 29th September 2014. en-us Mon, 29 Sep 2014 00:00:00 +0530 Sat, 18 Dec 2021 08:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299517 The Tribunal upheld the CIT(A)'s decision allowing the deduction u/s. 80IB for income from sale of scrap, emphasizing the direct nexus with the industrial undertaking. Additionally, the Tribunal affirmed the exclusion of a surplus from taxable income arising from pre-payment of deferred sales tax loan liability, following a Tribunal decision. The Revenue's appeal was dismissed, and the Tribunal's order was pronounced on 29th September 2014. Case-Laws Income Tax Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299517