https://www.taxtmi.com/caselaws?id=253715 The appeal focused on the interpretation of Section 80-I of the Income Tax Act, 1961, regarding the eligibility of deductions for an industrial undertaking. The issue was whether service charges received from another entity should be included in the profits for computing the deduction. The court ruled in favor of the respondent-assessee, stating that only expenses directly related to the industrial undertaking are deductible. As the service charges were not derived by the industrial undertaking and were reimbursed expenses of the other entity, they were not considered part of the assessee's profits eligible for deduction under Section 80-I. en-us Tue, 25 Nov 2014 00:00:00 +0530 Tue, 02 Dec 2014 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253715 The appeal focused on the interpretation of Section 80-I of the Income Tax Act, 1961, regarding the eligibility of deductions for an industrial undertaking. The issue was whether service charges received from another entity should be included in the profits for computing the deduction. The court ruled in favor of the respondent-assessee, stating that only expenses directly related to the industrial undertaking are deductible. As the service charges were not derived by the industrial undertaking and were reimbursed expenses of the other entity, they were not considered part of the assessee's profits eligible for deduction under Section 80-I. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253715