https://www.taxtmi.com/article/detailed?id=1940 Deduction under Section 80-IA is strictly limited to profits derived from the industrial undertaking's manufacturing activity; profits from trading in goods are not eligible. Where a taxpayer both manufactures and trades, entitlement depends on maintenance of separate accounts segregating manufacturing income from trading receipts. In the absence of such segregation, the tax authority may bifurcate income and disallow deduction for amounts not clearly shown to arise from the industrial undertaking. en-us Tue, 06 Nov 2012 04:19:32 +0530 Tue, 06 Nov 2012 04:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1940 Deduction under Section 80-IA is strictly limited to profits derived from the industrial undertaking's manufacturing activity; profits from trading in goods are not eligible. Where a taxpayer both manufactures and trades, entitlement depends on maintenance of separate accounts segregating manufacturing income from trading receipts. In the absence of such segregation, the tax authority may bifurcate income and disallow deduction for amounts not clearly shown to arise from the industrial undertaking. Articles Income Tax Tue, 06 Nov 2012 04:19:32 +0530 https://www.taxtmi.com/article/detailed?id=1940