2019 (3) TMI 1886

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..... the Respondent : Mr. Sanat Kapoor, Adv. ORDER ITA 208/2019 ITA 211/2019 Issue Notice. Mr. Sanat Kapoor, Advocate accepts notice. ITA 208/2019 & ITA 211/2019 Admit. Following question of law arises:- "Did ITAT fall into error in holding that the income derived from the sale of reject coal and iron ore fine dust was entitled for deduction under Section 80-IB of the Income Tax Act having re .....

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..... for its captive unit and therefore the sale claimed by it was notional. Furthermore, it is stated that the local taxes collected were not in fact paid to the concerned State Governments. This Court is of the opinion that the orders of the lower appellate authorities including ITAT cannot be faulted. Although, the transaction involved a notional sales nevertheless they have commercial element in .....

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