Section 80IAC deduction allowable on sale of scrap

ACIT Vs Finolex Cables Limited (ITAT Pune) The solitary issue involved in the appeal of the Revenue for A.Y. 2012-13 relating to the assessee‟s claim for deduction u/s 80IC of the Act in respect of sale of scrap is squarely covered in favour of the assessee by various decisions of Tribunal rendered in assessee‟s own case including the latest decision of the Tribunal rendered for A.Y. 2014-15 vide its order dated 27.01.2020 passed in ITA No.2257/PUN/2017, wherein similar claim of the assessee for deduction u/s 80IC of the Act in respect of sale of scrap was allowed by the Tribunal vide para...