https://www.taxtmi.com/circulars?id=55236 Transport, power and interest subsidies reimbursing production or sale costs have a direct nexus with the profits and gains of business of an industrial undertaking and are to be treated as business receipts eligible for deduction under Chapter VI-A where the business qualifies; the Department is directed not to file or to withdraw appeals on this settled issue. en-us Tue, 29 Nov 2016 00:00:00 +0530 Wed, 30 Nov 2016 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55236 Transport, power and interest subsidies reimbursing production or sale costs have a direct nexus with the profits and gains of business of an industrial undertaking and are to be treated as business receipts eligible for deduction under Chapter VI-A where the business qualifies; the Department is directed not to file or to withdraw appeals on this settled issue. Circulars Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55236