https://www.taxtmi.com/caselaws?id=338218 Whether export incentives qualify for deduction under s. 80-IB of the Income-tax Act, 1961 was determined by applying the ratio in Liberty India, which holds that such incentives are post-manufacture receipts contingent on export and do not constitute profits "derived from" an eligible industrial undertaking. The Court held that Meghalaya Steels does not dilute Liberty India because it concerned transport subsidy as reimbursement of manufacturing cost, not export-linked incentives. Consequently, the claim for s. 80-IB deduction on export incentives was rejected and the SLP was dismissed. en-us Mon, 23 Jan 2017 00:00:00 +0530 Sat, 03 Jan 2026 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338218 Whether export incentives qualify for deduction under s. 80-IB of the Income-tax Act, 1961 was determined by applying the ratio in Liberty India, which holds that such incentives are post-manufacture receipts contingent on export and do not constitute profits "derived from" an eligible industrial undertaking. The Court held that Meghalaya Steels does not dilute Liberty India because it concerned transport subsidy as reimbursement of manufacturing cost, not export-linked incentives. Consequently, the claim for s. 80-IB deduction on export incentives was rejected and the SLP was dismissed. Case-Laws Income Tax Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338218