https://www.taxtmi.com/caselaws?id=238581 The court upheld that service charges, equipment hire charges, and interest on loans to employees do not qualify for special deduction under Section 80-I of the Income Tax Act. Additionally, income from Ammonia tanker hire charges was deemed ineligible for deduction. However, service charges received from the Heavy Water Board were considered as profits derived from an industrial undertaking eligible for deduction under Section 80-I. The judgment emphasizes the necessity for income to directly relate to manufacturing or production activities for eligibility under Section 80-I. en-us Fri, 04 Oct 2013 00:00:00 +0530 Fri, 31 Jan 2014 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238581 The court upheld that service charges, equipment hire charges, and interest on loans to employees do not qualify for special deduction under Section 80-I of the Income Tax Act. Additionally, income from Ammonia tanker hire charges was deemed ineligible for deduction. However, service charges received from the Heavy Water Board were considered as profits derived from an industrial undertaking eligible for deduction under Section 80-I. The judgment emphasizes the necessity for income to directly relate to manufacturing or production activities for eligibility under Section 80-I. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238581