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2021 (9) TMI 591 - ITAT DELHIDeduction u/s 80IC - Income from scrap sales - AO was of the opinion that the sale of scrap generated during the manufacturing cannot be said to have been derived from industrial activities - HELD THAT:- CIT(A) was convinced that the assessee has successfully demonstrated that all the items of scrap are generated out of its manufacturing activities. CIT(A) further found that the cost of all these items have been charged to profit and loss account and eligible profit u/s 80IC - CIT(A) considered the following judgment of the Hon'ble jurisdictional High Court of Delhi in the case of Sadhu Forging Ltd. [2011 (6) TMI 9 - DELHI HIGH COURT]. We could not point out any error or omission in the findings of the ld. CIT(A) which is supported by the decision of the Hon'ble Jurisdictional High Court of Delhi [supra]. We, therefore, do not find any reason to interfere with the findings of the ld. CIT(A). - Decided against revenue.
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