https://www.taxtmi.com/caselaws?id=202080 The High Court held that transport and interest subsidies were not directly related to the industrial activity of the assessee and were only ancillary, thus disallowing deductions under Section 80IB of the Income Tax Act. However, the Central Excise duty refund was considered a profit directly derived from the industrial activity, allowing the deduction under Section 80IB. The appeal was disposed of accordingly. en-us Thu, 16 Sep 2010 00:00:00 +0530 Tue, 08 Feb 2011 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202080 The High Court held that transport and interest subsidies were not directly related to the industrial activity of the assessee and were only ancillary, thus disallowing deductions under Section 80IB of the Income Tax Act. However, the Central Excise duty refund was considered a profit directly derived from the industrial activity, allowing the deduction under Section 80IB. The appeal was disposed of accordingly. Case-Laws Income Tax Thu, 16 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202080