https://www.taxtmi.com/caselaws?id=275995 The court ruled in favor of the department, holding that duty drawback receipts and interest income from FDRs do not qualify for deductions under Section 80IB as they are not directly derived from the industrial undertaking's business. Both issues were resolved in favor of the department, and the appeals were allowed, denying the deductions under Section 80IB on duty drawback and interest earned on FDRs. en-us Mon, 29 May 2017 00:00:00 +0530 Thu, 25 Oct 2018 08:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275995 The court ruled in favor of the department, holding that duty drawback receipts and interest income from FDRs do not qualify for deductions under Section 80IB as they are not directly derived from the industrial undertaking's business. Both issues were resolved in favor of the department, and the appeals were allowed, denying the deductions under Section 80IB on duty drawback and interest earned on FDRs. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275995