Receipts from Sale of Scraps is part of Gains derived from Industrial undertaking for Computing Deduction: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the receipts from the sale of scraps shall be treated as part of gains derived from industrial undertaking for the purposes of computing deduction under section 80IBof the Income Tax Act, 1961. The assessee company is engaged in the business of Manufacturing […]
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