Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]

Claim - Deduction - Sale - Scrap - Stores - Respect - Export - Turnover - ITAT -Allows - Appeal - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench, allowed the claim for deduction under Section 80HHC of the Income Tax Act, 1961 on the sale of scrap and parts. The assessee in this case is Madhusudhan Industries. The issue involved in this is regarding deduction under section 80HHC of the Income Tax Act is to…

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