https://www.taxtmi.com/caselaws?id=342137 The court held that the Sales Tax Subsidy received by the Assessee did not qualify for deduction under Section 80HHC of the Income-tax Act as it lacked a direct nexus to the export business profits. The subsidy was considered 'other income' and did not meet the criteria specified in Explanation (baa) of Section 80HHC. The court referenced relevant case law and concluded that the Assessee could not claim the benefit of the deduction for the Sales Tax Subsidy. The appeal was dismissed, affirming the decisions of the lower authorities. en-us Fri, 21 Apr 2017 00:00:00 +0530 Wed, 26 Apr 2017 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342137 The court held that the Sales Tax Subsidy received by the Assessee did not qualify for deduction under Section 80HHC of the Income-tax Act as it lacked a direct nexus to the export business profits. The subsidy was considered 'other income' and did not meet the criteria specified in Explanation (baa) of Section 80HHC. The court referenced relevant case law and concluded that the Assessee could not claim the benefit of the deduction for the Sales Tax Subsidy. The appeal was dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342137