https://www.taxtmi.com/caselaws?id=208325 HC held that the assessee was entitled to deduction under section 80-IA on interest received from trade debtors, as it was directly linked to the industrial undertaking's business, but not on interest earned on FDRs, following SC and earlier HC precedent. HC further held that duty drawback, DEPB sale proceeds, QBAL licence income, and notional credit of customs duty on goods imported for self-consumption constituted independent sources of income and did not qualify as profits derived from the eligible undertaking. Consequently, these receipts were not eligible for deduction under sections 80-I/80-IA/80-IB, and the questions on these issues were answered in favour of the Revenue. en-us Mon, 30 Nov 2009 00:00:00 +0530 Fri, 28 Nov 2025 15:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208325 HC held that the assessee was entitled to deduction under section 80-IA on interest received from trade debtors, as it was directly linked to the industrial undertaking's business, but not on interest earned on FDRs, following SC and earlier HC precedent. HC further held that duty drawback, DEPB sale proceeds, QBAL licence income, and notional credit of customs duty on goods imported for self-consumption constituted independent sources of income and did not qualify as profits derived from the eligible undertaking. Consequently, these receipts were not eligible for deduction under sections 80-I/80-IA/80-IB, and the questions on these issues were answered in favour of the Revenue. Case-Laws Income Tax Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208325