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2015 (9) TMI 493 - AT - Income TaxClaim for deduction under section 80IA disallowed - profits and gains derived by the assessee from the sale of sludge/waste oil - CIT(A) deleted addition - Held that:- Profits and gains derived from such business considered to include the sale of sludge, which is the product of the business undertaken by the assessee i.e., manufacture of power and the sludge is generated out of such activity and is held to be directly attributable to the business activity of the assessee. Hence, we are of the firm view that the profits and gains derived by the assessee from the sale of sludge/waste oil is eligible for deduction under section 80IA of the Act and we do not find any infirmity in the order of the Ld. CIT(A) and accordingly, we confirm the same. - Decided against revenue.
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