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2016 (1) TMI 1468 - AT - Income TaxDeduction u/s 80IB in respect of scrap sales - determination of gains derived from the industrial undertaking for the purpose of computing deduction - HELD THAT:- The issue is covered in favour of the assessee by the decision of Hon'ble Jurisdictional High Court in the case of Sadhu Forging Ltd. [2011 (6) TMI 9 - DELHI HIGH COURT] wherein held receipts from sale of scrap being part and parcel of the activity and being proximate thereto would also be within the ambit of gains derived from the industrial undertaking for the purpose of computing deduction under section 80- IB - Thus we direct the Assessing Officer to compute the deduction under Section 80IB after taking into account the scrap sales.
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