In Brief
These appeals concerned whether proceeds from scrap sales should be counted as part of total turnover for income tax deduction purposes under Section 80HHC. The Supreme Court held that scrap sale proceeds are not included in total turnover for the purpose of claiming deductions under Section 80HHC of the Income Tax Act, 1961. The Court relied on its prior decision in Commissioner of Income Tax v. Punjab Stainless Steel Industries and allowed the appeals accordingly.
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