https://www.taxtmi.com/caselaws?id=456726 The Tribunal upheld the CIT (A)'s decision, denying the Assessee's claim for deduction under Section 80IA for income from fly ash bricks, confirming only the market value of fly ash dust at Rs. 75/- per MT is eligible. Additionally, the Tribunal affirmed the eligibility of various receipts, including interest from debtors and insurance claims, for deduction under Section 80IB, dismissing both the Assessee's and revenue's appeals. The judgment emphasized the distinct nature of fly ash dust versus fly ash bricks and relied on prior decisions to support the inclusion of specific receipts as income derived from the industrial undertaking. en-us Fri, 21 Jan 2011 00:00:00 +0530 Sat, 10 Aug 2024 10:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456726 The Tribunal upheld the CIT (A)'s decision, denying the Assessee's claim for deduction under Section 80IA for income from fly ash bricks, confirming only the market value of fly ash dust at Rs. 75/- per MT is eligible. Additionally, the Tribunal affirmed the eligibility of various receipts, including interest from debtors and insurance claims, for deduction under Section 80IB, dismissing both the Assessee's and revenue's appeals. The judgment emphasized the distinct nature of fly ash dust versus fly ash bricks and relied on prior decisions to support the inclusion of specific receipts as income derived from the industrial undertaking. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456726