https://www.taxtmi.com/caselaws?id=210457 The High Court upheld the Tribunal's decision to deny the appellant's claim for deduction under Section 80-IA. The court ruled that the commission income earned was not directly related to the appellant's industrial business activities, therefore not qualifying as "profit or gain derived from any business of an industrial undertaking." This decision favored the revenue authorities, emphasizing the lack of connection between the commission income and the appellant's eligible business activities, leading to the denial of the deduction. en-us Thu, 11 Aug 2011 00:00:00 +0530 Tue, 11 Dec 2012 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210457 The High Court upheld the Tribunal's decision to deny the appellant's claim for deduction under Section 80-IA. The court ruled that the commission income earned was not directly related to the appellant's industrial business activities, therefore not qualifying as "profit or gain derived from any business of an industrial undertaking." This decision favored the revenue authorities, emphasizing the lack of connection between the commission income and the appellant's eligible business activities, leading to the denial of the deduction. Case-Laws Income Tax Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210457