https://www.taxtmi.com/caselaws?id=245170 The High Court dismissed the appeal concerning the interpretation of deductions under Section 80 IB of the Income Tax Act, 1961 based on subsidies received by an Industrial Undertaking. The court held that subsidies such as transport, insurance, power, and central excise refund should impact profits for deduction eligibility under Section 80 IB. Since the issues raised in the appeal mirrored those in previous cases where appeals were dismissed, the court ruled similarly, upholding the dismissal of the appeal in line with the Division Bench's previous order. en-us Mon, 10 Mar 2014 00:00:00 +0530 Fri, 21 Mar 2014 14:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245170 The High Court dismissed the appeal concerning the interpretation of deductions under Section 80 IB of the Income Tax Act, 1961 based on subsidies received by an Industrial Undertaking. The court held that subsidies such as transport, insurance, power, and central excise refund should impact profits for deduction eligibility under Section 80 IB. Since the issues raised in the appeal mirrored those in previous cases where appeals were dismissed, the court ruled similarly, upholding the dismissal of the appeal in line with the Division Bench's previous order. Case-Laws Income Tax Mon, 10 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245170