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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Deduction under 80IB - where scrap has direct nexus with the ...


Section 80IB Deduction Applies to Scrap Directly Linked to Industrial Operations, Qualifying as By-Product for Tax Benefits.

December 12, 2011

Case Laws     Income Tax     AT

Deduction under 80IB - where scrap has direct nexus with the industrial operations thereby implying that to the extent scrap is in the nature of bye-product of industrial operations, the same would qualify for deduction under section 80IB..... - AT

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