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![Eligible Industrial Undertakings Carrying out Manufacturing Activity essential requisite to Claim Benefit u/s 80IC of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Eligible-Industrial-Undertakings-Manufacturing-Activity-requisite-Claim-Benefit-Income-Tax-Act-Delhi-HC-taxscan.jpg "Eligible Industrial Undertakings Carrying out Manufacturing Activity essential requisite to Claim Benefit u/s 80IC of Income Tax Act: Delhi HC [Read Order]")
Eligible Industrial Undertakings Carrying out Manufacturing Activity essential requisite to Claim Benefit u/s 80IC of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court recently observed that the eligible industrial undertakings carrying out manufacturing activity essential requisite to claim...
![Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Re-adjudication-taxscan.jpg "Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]")
![Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Trading-Loss-Hindustan-Times-taxscan.jpg "Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]")
![Failure of AO to Consider Sale of Scrap is Erroneous and Prejudicial to Interest of Revenue: ITAT Allows Exercise of Revisionary Power to PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-of-AO-to-Consider-Sale-of-Scrap-Interest-of-Revenue-Sale-of-Scrap-ITAT-Allows-Exercise-of-Revisionary-Power-to-PCIT-ITAT-taxscan.jpg "Failure of AO to Consider Sale of Scrap is Erroneous and Prejudicial to Interest of Revenue: ITAT Allows Exercise of Revisionary Power to PCIT [Read Order]")
![No Addition can made on Account of Income received from sale of Scrap/Waste: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Account-of-Income-received-Income-received-sale-of-Scrap-Sale-of-Waste-ITAT-taxscan.jpg "No Addition can made on Account of Income received from sale of Scrap/Waste: ITAT [Read Order]")
Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that tax liability under section 206 C of the Income Tax Act,1961 will arise when the assessee failed to file Form 27C and...
![Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessee-Form-27C-TCS-Sale-of-Scrap-liable-Tax-ITAT.jpg "Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]")
Relief to Finolex Cables: ITAT allows claim of deduction u/s 80IC in respect of Sale of Scrap [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench allowed the claim of deduction under section 80IC of the Income Tax Act in respect of sale of scrap. The Assessee, M/s. Finolex Cables Limited...
![Relief to Finolex Cables: ITAT allows claim of deduction u/s 80IC in respect of Sale of Scrap [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Finolex-Cables-ITAT-claim-of-deduction-sale-of-scrap-Taxscan.jpg "Relief to Finolex Cables: ITAT allows claim of deduction u/s 80IC in respect of Sale of Scrap [Read Order]")
