Advance License Sales Not Deductible u/s 80IA; No Direct Link to Manufacturing Business, Court Rules. https://www.taxtmi.com/highlights?id=22528 Deduction u/s 80IA - Merely because the license was obtained for procuring the raw material for manufacturing finished products for its exports, does not mean that the sale of advance license has nexus with the business of manufacturing and sale of finished product. - HC en-us Wed, 15 Apr 2015 23:14:12 +0530 Wed, 15 Apr 2015 23:14:12 +0530 TaxTMI RSS Generator Advance License Sales Not Deductible u/s 80IA; No Direct Link to Manufacturing Business, Court Rules. https://www.taxtmi.com/highlights?id=22528 Deduction u/s 80IA - Merely because the license was obtained for procuring the raw material for manufacturing finished products for its exports, does not mean that the sale of advance license has nexus with the business of manufacturing and sale of finished product. - HC Highlights Income Tax Wed, 15 Apr 2015 23:14:12 +0530 https://www.taxtmi.com/highlights?id=22528