Section 80IB deduction eligible on receipt from Scrap generated during manufacturing

ACIT Vs Jakson Limited (ITAT Delhi) As far as the issue of deduction u/s 80IB on sale of scrap is concerned, although the Ld. CIT(A) has not passed a speaking order on the same and has relied on his orders for the previous assessment years while deleting the addition, we note that the issue is squarely covered in favour of the assessee by numerous judicial precedents, case in point being the judgment of the Hon’ble Delhi High Court in the case of CIT vs. Sadhu Forging Ltd. reported in 336 ITR 444 (Delhi High Court). Similarly, orders were passed by this Tribunal in case of group companies of...