https://www.taxtmi.com/caselaws?id=10016 The High Court of Allahabad ruled against the assessee, holding that the incentives received should not be considered part of the export turnover for the purpose of relief under section 80HHC of the Income-tax Act. The court emphasized the need for a direct nexus between profits and the industrial undertaking to qualify for the deduction, citing relevant case law. Consequently, the court concluded that the assessee was not entitled to the deduction under section 80HHC. en-us Tue, 05 Jul 2005 00:00:00 +0530 Sun, 05 Jul 2009 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10016 The High Court of Allahabad ruled against the assessee, holding that the incentives received should not be considered part of the export turnover for the purpose of relief under section 80HHC of the Income-tax Act. The court emphasized the need for a direct nexus between profits and the industrial undertaking to qualify for the deduction, citing relevant case law. Consequently, the court concluded that the assessee was not entitled to the deduction under section 80HHC. Case-Laws Income Tax Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10016