https://www.taxtmi.com/caselaws?id=207626 Transport subsidy received under a government scheme does not qualify as profits "derived from" an industrial undertaking for deduction under Section 80-IA. The expression "derived from" requires a direct and immediate nexus between the income and the undertaking, and is narrower than "attributable to". Because the subsidy originated in an external Central Government incentive scheme and merely reimbursed transport costs in remote areas, it was not operational profit generated by the business and was therefore ineligible for deduction. en-us Fri, 04 Mar 2011 00:00:00 +0530 Mon, 19 Dec 2011 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207626 Transport subsidy received under a government scheme does not qualify as profits "derived from" an industrial undertaking for deduction under Section 80-IA. The expression "derived from" requires a direct and immediate nexus between the income and the undertaking, and is narrower than "attributable to". Because the subsidy originated in an external Central Government incentive scheme and merely reimbursed transport costs in remote areas, it was not operational profit generated by the business and was therefore ineligible for deduction. Case-Laws Income Tax Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207626