https://www.taxtmi.com/caselaws?id=207820 Income from dry cleaning charges was examined under export and industrial undertaking deduction provisions. The article states that deduction under Section 80-HCC was unavailable because the receipt was not shown to form part of export turnover and the scheme required profits derived from export business. It also explains that Section 80-I requires a direct and proximate nexus with the industrial undertaking, and that the expression "derived from" is narrower than "attributable to". As the record did not show that the dry cleaning activity formed part of the manufacturing process, the receipts were treated as ineligible for deduction under Section 80-I. en-us Fri, 25 Nov 2011 00:00:00 +0530 Thu, 03 Dec 2015 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207820 Income from dry cleaning charges was examined under export and industrial undertaking deduction provisions. The article states that deduction under Section 80-HCC was unavailable because the receipt was not shown to form part of export turnover and the scheme required profits derived from export business. It also explains that Section 80-I requires a direct and proximate nexus with the industrial undertaking, and that the expression "derived from" is narrower than "attributable to". As the record did not show that the dry cleaning activity formed part of the manufacturing process, the receipts were treated as ineligible for deduction under Section 80-I. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207820