https://www.taxtmi.com/caselaws?id=262599 The court held that the freight subsidy was not eligible for deduction under Section 80IC as it was to be adjusted against expenses. The sales tax deferment rebate was also deemed ineligible as it did not qualify as profits derived from the business. The issue of bank interest was remanded for further adjudication, with no substantial question of law determined at that stage. en-us Tue, 04 Aug 2015 00:00:00 +0530 Thu, 13 Aug 2015 23:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262599 The court held that the freight subsidy was not eligible for deduction under Section 80IC as it was to be adjusted against expenses. The sales tax deferment rebate was also deemed ineligible as it did not qualify as profits derived from the business. The issue of bank interest was remanded for further adjudication, with no substantial question of law determined at that stage. Case-Laws Income Tax Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262599