{"id":13790,"date":"2020-11-14T14:49:00","date_gmt":"2020-11-14T14:49:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/isolloyd-engineering-technologies-ltd-v-dcit-2020-bcaj-october-p-37-delhi-trib\/"},"modified":"2020-11-14T14:49:00","modified_gmt":"2020-11-14T14:49:00","slug":"isolloyd-engineering-technologies-ltd-v-dcit-2020-bcaj-october-p-37-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/isolloyd-engineering-technologies-ltd-v-dcit-2020-bcaj-october-p-37-delhi-trib\/","title":{"rendered":"Isolloyd Engineering Technologies Ltd v DCIT ( 2020) BCAJ- October -P. 37 ( Delhi ) (Trib)"},"content":{"rendered":"<p>Tribunal held that scrap consisted of empty drums, off -cuts\u00a0 ,trims, coils , leftovers ,packing material , gatta , scrap rolls etc , which were generated in the course of the business . Accordingly the income derived from the business and eligible for deduction . Followed CIT v Sadu Forgings Ltd\u00a0 (.\u00a0\u00a0\u00a0 ) 336 ITR 444 ( Delhi) (HC) ( ITA No. 3936\/Del\/2017 dt .4-9- 2020 ( AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IC : Special category  States \u2013 Scrap \u2013 Sale of scrap is part of business income \u2013 Eligible for deduction .<\/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-13790","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Aq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13790","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=13790"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13790\/revisions"}],"predecessor-version":[{"id":13791,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13790\/revisions\/13791"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}