https://www.taxtmi.com/caselaws?id=364013 Approval of an industrial park under the relevant scheme satisfied the conditions for deduction under Section 80IA(4)(iii), and the Court applied its earlier ruling in the assessee's own case to hold that no fresh enquiry into the character of the receipt was required once eligibility was established. The head of income did not control the availability of the statutory deduction, so assessment as business income did not defeat the claim. Pending consideration of the earlier ruling before the Supreme Court did not alter the position for the present appeal, and the Revenue's challenge was rejected. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 09 Jan 2019 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364013 Approval of an industrial park under the relevant scheme satisfied the conditions for deduction under Section 80IA(4)(iii), and the Court applied its earlier ruling in the assessee's own case to hold that no fresh enquiry into the character of the receipt was required once eligibility was established. The head of income did not control the availability of the statutory deduction, so assessment as business income did not defeat the claim. Pending consideration of the earlier ruling before the Supreme Court did not alter the position for the present appeal, and the Revenue's challenge was rejected. Case-Laws Income Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364013