2013 (7) TMI 289

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..... rt] - 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. - TAX APPEAL No. 338 of 2011 - - - Dated:- 23-4-2012 - MR.BHASKAR BHA .....

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..... ction of Rs.20,09,915/- under sec. 80IB of the Income Tax Act being interest on late payment received from debtors. The second question is whether the Tribunal below committed substantial error of law in allowing deduction of Rs. 4,64,139/- being income from sale of wastage/scrap. So far as the first question is concerned, it appears that the same has already been decided by a Division Bench o .....

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