https://www.taxtmi.com/caselaws?id=119381 The Tribunal upheld the assessee's entitlement to deduction under section 80-IB(3)(ii) of the Income-tax Act, 1961, emphasizing the legislative intent and relevant case law. It directed the Assessing Officer to compute profits specifically derived from the industrial undertaking operating the cold storage plant. The Tribunal also affirmed the denial of the deduction under section 80HHC for export incentives earned on the sale of DEPB due to turnover exceeding Rs. 10 crores. The appeals were partly allowed for statistical purposes, with instructions to calculate eligible deductions and exclude non-qualifying business profits. en-us Tue, 26 Jun 2007 00:00:00 +0530 Tue, 10 Jul 2012 17:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119381 The Tribunal upheld the assessee's entitlement to deduction under section 80-IB(3)(ii) of the Income-tax Act, 1961, emphasizing the legislative intent and relevant case law. It directed the Assessing Officer to compute profits specifically derived from the industrial undertaking operating the cold storage plant. The Tribunal also affirmed the denial of the deduction under section 80HHC for export incentives earned on the sale of DEPB due to turnover exceeding Rs. 10 crores. The appeals were partly allowed for statistical purposes, with instructions to calculate eligible deductions and exclude non-qualifying business profits. Case-Laws Income Tax Tue, 26 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119381