https://www.taxtmi.com/caselaws?id=119836 The Tribunal ruled that profits derived from trading activities do not qualify for deduction under section 80-IA of the Income-tax Act, 1961, for assessment years 1997-98, 1998-99, and 2000-01. The decision overturned the CIT(A)'s approval of the deduction claimed by the assessee, emphasizing that only profits from the business of an industrial undertaking are eligible for the deduction. The Tribunal's decision was consistent across all three assessment years, denying the deduction for profits derived from trading activities and upholding the revenue's appeals. en-us Tue, 31 Oct 2006 00:00:00 +0530 Tue, 31 Jul 2012 23:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119836 The Tribunal ruled that profits derived from trading activities do not qualify for deduction under section 80-IA of the Income-tax Act, 1961, for assessment years 1997-98, 1998-99, and 2000-01. The decision overturned the CIT(A)'s approval of the deduction claimed by the assessee, emphasizing that only profits from the business of an industrial undertaking are eligible for the deduction. The Tribunal's decision was consistent across all three assessment years, denying the deduction for profits derived from trading activities and upholding the revenue's appeals. Case-Laws Income Tax Tue, 31 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119836