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2013 (7) TMI 289 - GUJARAT HIGH COURTDeduction u/s 80IB - Held that:- interest paid by debtors for late payment of sale proceeds would form part of the eligible income for the purpose of computing relief under section 80-I - Following decision of NIRMA INDUSTRIES LTD vs. DY. C.I.T [GUJ] [2006 (2) TMI 92 - GUJARAT High Court] - Decided against Revenue. Deduction on sale of wastage/scrap - Tribunal allowed - Held that:- tax-effect is less than Rs.2 lakh, in view of instructions No. 5 of 2008 dated 15th May 2008 issued by the Central Board of Direct Taxes, the appeal, only on the above point at the instance of the Revenue is not maintainable.
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