{"id":13075,"date":"2020-10-18T09:56:31","date_gmt":"2020-10-18T09:56:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/reckitt-benckiser-i-pvt-ltd-v-dy-cit-2020-81-itr-577-kol-trib-3\/"},"modified":"2020-10-18T09:56:31","modified_gmt":"2020-10-18T09:56:31","slug":"reckitt-benckiser-i-pvt-ltd-v-dy-cit-2020-81-itr-577-kol-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/reckitt-benckiser-i-pvt-ltd-v-dy-cit-2020-81-itr-577-kol-trib-3\/","title":{"rendered":"Reckitt Benckiser (I.) Pvt. Ltd. v Dy. CIT (2020) 81 ITR 577 (Kol) (Trib )"},"content":{"rendered":"<p>The Tribunal held that the scrap materials came into being during the manufacturing process of the industrial undertaking in the manufacture of certain products. The scrap materials had a saleable value. Profits and gains from the sale of scrap materials were eligible to deduction in an amount equal to twenty per cent. under section\u00a080-IC\u00a0of the Act, inasmuch as such gains or profits were derived from the industrial undertaking and includible in the gross total income of the assessee. ( AY.2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IC : Special category  States -Sale of  scrap \u2014 Scrap produced during manufacture \u2014Eligible to deduction- Disallowance  of interest -Quantification -Matter remanded . [ S.80IB ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13075","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3oT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13075"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13075\/revisions"}],"predecessor-version":[{"id":13076,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13075\/revisions\/13076"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}