https://www.taxtmi.com/caselaws?id=237612 The Court allowed the appeal, holding that the appellant was entitled to claim the deduction under Section 80IA for the transport subsidy received. Relying on the precedent set in Meghalaya Steels Ltd., the Court established a direct nexus between transport subsidy, cost reduction in production, and increased profits, making such profits deductible under Section 80IA. The Court found errors in the decisions of the Revisional Authority and the Tribunal, setting aside their orders and upholding the original assessment order by the Assessing Officer. en-us Wed, 24 Jul 2013 00:00:00 +0530 Fri, 25 Oct 2013 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237612 The Court allowed the appeal, holding that the appellant was entitled to claim the deduction under Section 80IA for the transport subsidy received. Relying on the precedent set in Meghalaya Steels Ltd., the Court established a direct nexus between transport subsidy, cost reduction in production, and increased profits, making such profits deductible under Section 80IA. The Court found errors in the decisions of the Revisional Authority and the Tribunal, setting aside their orders and upholding the original assessment order by the Assessing Officer. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237612