2016 (1) TMI 1468

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..... al by the assessee is directed against the order of learned CIT(A)-I, New Delhi dated 05.12.2013 for the AY 2010-11 on the following grounds of appeal:- "1. That the C1T (A) on wrong interpretation of Sec 153 A has erred in confirming the additions made by A.O. which are not based on any material found in the search or concealed income. That the addition not being sustainable in law be deleted. .....

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..... ction 80IB in respect of scrap sales. It is stated by the learned counsel that during the years under consideration, the Assessing Officer allowed deduction under Section 80IB but while computing the amount, he excluded the scrap sales from the profit of the industrial undertaking. He stated that the issue is now covered in favour of the assessee by the decision of Hon'ble Jurisdictional High .....

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..... fter considering the arguments of both the sides and the facts of the case, we agree with the contention of the learned counsel for the assessee that the issue is covered in favour of the assessee by the decision of Hon'ble Jurisdictional High Court in the case of Sadhu Forging Ltd. (supra), wherein their Lordships of Jurisdictional High Court held as under:- "The receipts from sale of scrap .....

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