https://www.taxtmi.com/caselaws?id=66366 Foreign travelling expense disallowance requires adequate factual examination where the record does not clearly establish the basis for sales promotion or conference-related claims; the matter was remitted for fresh adjudication. Duty drawback was treated as having a direct and immediate nexus with export production, so it qualified as profits and gains "derived from" an industrial undertaking for deduction under sections 80HH and 80-I. The distinction drawn was that the receipt was a reimbursement linked to the cost of export production, unlike more remote receipts such as import entitlements. The stated ratio is that a deduction applies only where the receipt is directly connected with the undertaking's operations. en-us Mon, 15 Jan 2001 00:00:00 +0530 Wed, 23 Feb 2011 18:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66366 Foreign travelling expense disallowance requires adequate factual examination where the record does not clearly establish the basis for sales promotion or conference-related claims; the matter was remitted for fresh adjudication. Duty drawback was treated as having a direct and immediate nexus with export production, so it qualified as profits and gains "derived from" an industrial undertaking for deduction under sections 80HH and 80-I. The distinction drawn was that the receipt was a reimbursement linked to the cost of export production, unlike more remote receipts such as import entitlements. The stated ratio is that a deduction applies only where the receipt is directly connected with the undertaking's operations. Case-Laws Income Tax Mon, 15 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66366