https://www.taxtmi.com/caselaws?id=15386 The High Court ruled in favor of the Revenue, holding that the transport subsidy received by the assessee was not eligible for deduction under section 80HH of the Income Tax Act, 1961. The Court determined that the subsidy was not part of the profits derived from the industrial undertaking but rather an aid from the Government, not directly linked to industrial activities. Consequently, the transport subsidy was deemed incidental income and not considered as profits derived from the industrial undertaking, leading to the dismissal of the assessee's claim for deduction. en-us Tue, 04 Jan 2000 00:00:00 +0530 Thu, 06 Aug 2009 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15386 The High Court ruled in favor of the Revenue, holding that the transport subsidy received by the assessee was not eligible for deduction under section 80HH of the Income Tax Act, 1961. The Court determined that the subsidy was not part of the profits derived from the industrial undertaking but rather an aid from the Government, not directly linked to industrial activities. Consequently, the transport subsidy was deemed incidental income and not considered as profits derived from the industrial undertaking, leading to the dismissal of the assessee's claim for deduction. Case-Laws Income Tax Tue, 04 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15386