https://www.taxtmi.com/caselaws?id=189006 The Tribunal upheld the respondent's entitlement to deduction under sections 80HH and 80-I for income derived from the sale of old gunny bags, considering it part of the industrial undertaking. However, the High Court reversed this decision, ruling that the sale of gunny bags did not have a direct nexus with the main business of manufacturing soyabean oil, thus disqualifying it for the deduction. The court's decision favored the revenue, denying the deduction and emphasizing the requirement of a direct and immediate connection with the industrial undertaking for such benefits. en-us Wed, 23 Jan 2008 00:00:00 +0530 Fri, 23 Dec 2016 12:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189006 The Tribunal upheld the respondent's entitlement to deduction under sections 80HH and 80-I for income derived from the sale of old gunny bags, considering it part of the industrial undertaking. However, the High Court reversed this decision, ruling that the sale of gunny bags did not have a direct nexus with the main business of manufacturing soyabean oil, thus disqualifying it for the deduction. The court's decision favored the revenue, denying the deduction and emphasizing the requirement of a direct and immediate connection with the industrial undertaking for such benefits. Case-Laws Income Tax Wed, 23 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189006