https://www.taxtmi.com/caselaws?id=202174 Transport subsidy received under a Government scheme is not profit derived from an industrial undertaking for deduction under Section 80-IA, because the phrase "derived from" requires a direct and immediate nexus with the eligible business operations. The subsidy is intended to reimburse transport-related costs and support viability in remote areas, but its source remains the scheme itself rather than manufacture or operational activity. As an incidental receipt, it falls outside the profit-linked incentive provision, so the deduction claim on that subsidy fails and the Revenue's position is upheld. en-us Wed, 25 Nov 2009 00:00:00 +0530 Mon, 07 Feb 2011 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202174 Transport subsidy received under a Government scheme is not profit derived from an industrial undertaking for deduction under Section 80-IA, because the phrase "derived from" requires a direct and immediate nexus with the eligible business operations. The subsidy is intended to reimburse transport-related costs and support viability in remote areas, but its source remains the scheme itself rather than manufacture or operational activity. As an incidental receipt, it falls outside the profit-linked incentive provision, so the deduction claim on that subsidy fails and the Revenue's position is upheld. Case-Laws Income Tax Wed, 25 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202174