https://www.taxtmi.com/caselaws?id=10387 HC held that cash compensatory support and import entitlements constitute general incentives attributable to, but not derived from, an industrial undertaking and therefore do not qualify for relief under section 80J. By contrast, duty drawback specifically reimburses customs and excise duties-integral elements of production cost-and is inextricably linked to profits of the industrial undertaking; accordingly duty drawback qualifies as income derived from the undertaking and is eligible for section 80J relief. The HC respectfully disagreed with contrary Madras HC decisions. en-us Wed, 07 Apr 2004 00:00:00 +0530 Wed, 24 Sep 2025 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10387 HC held that cash compensatory support and import entitlements constitute general incentives attributable to, but not derived from, an industrial undertaking and therefore do not qualify for relief under section 80J. By contrast, duty drawback specifically reimburses customs and excise duties-integral elements of production cost-and is inextricably linked to profits of the industrial undertaking; accordingly duty drawback qualifies as income derived from the undertaking and is eligible for section 80J relief. The HC respectfully disagreed with contrary Madras HC decisions. Case-Laws Income Tax Wed, 07 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10387