https://www.taxtmi.com/caselaws?id=333376 The High Court dismissed the appeal, affirming that the transport subsidy was part of operational profits, allowing the assessee a deduction under Section 80-IB of the Income Tax Act, 1961. The court emphasized the nexus between transport subsidy, cost reduction in production, and profits, following established legal precedents and the Supreme Court's clarification on the applicability of Section 80-IB and 80-IC. en-us Thu, 08 Sep 2016 00:00:00 +0530 Wed, 12 Oct 2016 17:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333376 The High Court dismissed the appeal, affirming that the transport subsidy was part of operational profits, allowing the assessee a deduction under Section 80-IB of the Income Tax Act, 1961. The court emphasized the nexus between transport subsidy, cost reduction in production, and profits, following established legal precedents and the Supreme Court's clarification on the applicability of Section 80-IB and 80-IC. Case-Laws Income Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333376