https://www.taxtmi.com/caselaws?id=178458 The Tribunal allowed the assessee's appeal against the denial of deduction under sections 80IA/80IB of the Income-tax Act related to freight subsidy. The Tribunal directed the exclusion of the freight subsidy from profits, resulting in no adjustment required for profits eligible for deduction. The scheme in Himachal Pradesh entitled the assessee to receive a subsidy on freight expenses, which was excluded from the profits for deduction purposes. The appeal was allowed, and the Tribunal upheld the exclusion of the freight subsidy from the computation of profits for deduction under sections 80IA/80IB. en-us Tue, 31 May 2011 00:00:00 +0530 Fri, 05 Feb 2016 12:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178458 The Tribunal allowed the assessee's appeal against the denial of deduction under sections 80IA/80IB of the Income-tax Act related to freight subsidy. The Tribunal directed the exclusion of the freight subsidy from profits, resulting in no adjustment required for profits eligible for deduction. The scheme in Himachal Pradesh entitled the assessee to receive a subsidy on freight expenses, which was excluded from the profits for deduction purposes. The appeal was allowed, and the Tribunal upheld the exclusion of the freight subsidy from the computation of profits for deduction under sections 80IA/80IB. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178458