High Court held that income on account of sale of various items of scrap was to be included for purpose of calculation of deduction under sections 80IA and 80HH. Tax effect is below threshold limits SLP of Revenue is dismissed.(AY. 1998-99)
CIT v. Nirma Ltd. (2024) 299 Taxman 180 (SC) Editorial : CIT v. Nirma Ltd (2015) 229 Taxman 535 (Guj)(HC)
S. 80IA : Industrial undertakings-Infrastructure development-Sale of various items of scrap-Eligible deduction-Tax effect is below threshold limits-SLP of Revenue is dismissed. [S. 80HH, 268A, Art. 136]