https://www.taxtmi.com/article/detailed?id=6927 The special telecommunication provision, opened by a non-obstante clause and using the phrase "profits and gains of the eligible business," adopts a broader textual formulation than the general subsection that speaks of profits "derived from" an eligible business. That difference removes the requirement of a first-degree nexus for telecommunication undertakings, permitting inclusion of receipts otherwise labelled as incidental or "other income" within the eligible business for purposes of computing the statutory deduction, and limiting the scope for exercising restrictive assessments based on the "derived from" concept. en-us Wed, 10 Aug 2016 09:21:09 +0530 Wed, 10 Aug 2016 09:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6927 The special telecommunication provision, opened by a non-obstante clause and using the phrase "profits and gains of the eligible business," adopts a broader textual formulation than the general subsection that speaks of profits "derived from" an eligible business. That difference removes the requirement of a first-degree nexus for telecommunication undertakings, permitting inclusion of receipts otherwise labelled as incidental or "other income" within the eligible business for purposes of computing the statutory deduction, and limiting the scope for exercising restrictive assessments based on the "derived from" concept. Articles Income Tax Wed, 10 Aug 2016 09:21:09 +0530 https://www.taxtmi.com/article/detailed?id=6927