Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]

Deduction - sale - scrap - manufacturing process - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Pavan Kumar Gadale, JM has held that deduction u/s 80IB can be disallowed for the sale of scrap generated during manufacturing process. The revenue appealed against the order of Commissioner of income-tax (Appeal)-22, Mumbai wherein disallowance under section…

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