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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Deduction u/s.80IB(4) in respect of Scrap Sales - whether Scrap ...


Scrap Sales Qualify for Deduction u/s 80IB(4) as Income from Industrial Undertaking, Taxpayer's Claim Approved.

February 6, 2017

Case Laws     Income Tax     AT

Deduction u/s.80IB(4) in respect of Scrap Sales - whether Scrap Sales be treated as income derived from business activity of the industrial undertaking - . No claim of similar type of industry was compared. The explanation given by the assessee was verified. - Claim allowed - AT

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