https://www.taxtmi.com/caselaws?id=258598 The Court dismissed the appeals, holding that the sale proceeds of advance licenses do not constitute income derived from the business of an industrial undertaking for the purposes of Section 80-IA of the Income Tax Act, 1961. The substantial question of law was answered in favor of the Revenue and against the assessee-company. en-us Wed, 21 Jan 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258598 The Court dismissed the appeals, holding that the sale proceeds of advance licenses do not constitute income derived from the business of an industrial undertaking for the purposes of Section 80-IA of the Income Tax Act, 1961. The substantial question of law was answered in favor of the Revenue and against the assessee-company. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258598