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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Deduction u/s 80IC - The receipts of sale of scrap being part ...


Scrap Sale Receipts Qualify for Deduction u/s 80IC of Income Tax Act as Industrial Gains.

June 19, 2015

Case Laws     Income Tax     AT

Deduction u/s 80IC - The receipts of sale of scrap being part and parcel of the activity and being proximate thereto would also be within the ambit of gains derived from industrial undertaking - exemption allowed - AT

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