https://www.taxtmi.com/caselaws?id=213785 The High Court confirmed the Tribunal's order in an appeal by the Revenue regarding the interpretation of Section 80IA of the Income Tax Act. The Court held that charges like service charges, transportation charges, and others were part of the profits and gains of the industrial undertaking for deduction computation. Emphasizing that deductions under Section 80IA are linked to profits derived from the eligible business, the Court dismissed the appeal, stating that the charges in question qualified as profits and gains derived by the enterprise, meeting the criteria for deduction under Section 80IA. en-us Wed, 25 Apr 2012 00:00:00 +0530 Wed, 29 Aug 2018 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213785 The High Court confirmed the Tribunal's order in an appeal by the Revenue regarding the interpretation of Section 80IA of the Income Tax Act. The Court held that charges like service charges, transportation charges, and others were part of the profits and gains of the industrial undertaking for deduction computation. Emphasizing that deductions under Section 80IA are linked to profits derived from the eligible business, the Court dismissed the appeal, stating that the charges in question qualified as profits and gains derived by the enterprise, meeting the criteria for deduction under Section 80IA. Case-Laws Income Tax Wed, 25 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213785