https://www.taxtmi.com/caselaws?id=176271 The High Court dismissed the appeal, ruling against the appellant and in favor of the revenue. The Court held that the surrendered income did not meet the criteria for deduction under Section 80IB as it was not proven to be derived from the industrial undertaking. The Court emphasized the lack of evidence supporting the appellant's claim and upheld the Tribunal's decision based on previous judgments and legal requirements. en-us Thu, 08 Aug 2013 00:00:00 +0530 Fri, 18 Dec 2015 15:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176271 The High Court dismissed the appeal, ruling against the appellant and in favor of the revenue. The Court held that the surrendered income did not meet the criteria for deduction under Section 80IB as it was not proven to be derived from the industrial undertaking. The Court emphasized the lack of evidence supporting the appellant's claim and upheld the Tribunal's decision based on previous judgments and legal requirements. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176271