https://www.taxtmi.com/caselaws?id=246882 The High Court dismissed the appeal concerning the disallowance of deduction under Section 80 HHC of the Income Tax Act. The court upheld the decision based on the direct nexus requirement for income to be considered derived from the industrial undertaking, in line with the Supreme Court's precedent. The appeal was rejected without costs awarded, emphasizing the clear application of legal principles and established interpretation of the law. en-us Thu, 06 Mar 2014 00:00:00 +0530 Fri, 25 Apr 2014 10:10:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246882 The High Court dismissed the appeal concerning the disallowance of deduction under Section 80 HHC of the Income Tax Act. The court upheld the decision based on the direct nexus requirement for income to be considered derived from the industrial undertaking, in line with the Supreme Court's precedent. The appeal was rejected without costs awarded, emphasizing the clear application of legal principles and established interpretation of the law. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246882