https://www.taxtmi.com/caselaws?id=16356 Deduction under section 80HH was confined to profits relatable to the industrial undertaking and derived from its business activity; the operative test was whether the receipt had the immediate and effective source in that undertaking. On that basis, income from sale of import licences, export house premium and customs drawback did not qualify because there was no material showing that those receipts were derived from the industrial undertaking. The issue was therefore answered in the negative, and the deduction was denied. en-us Wed, 10 Jun 1998 00:00:00 +0530 Sat, 03 Sep 2011 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16356 Deduction under section 80HH was confined to profits relatable to the industrial undertaking and derived from its business activity; the operative test was whether the receipt had the immediate and effective source in that undertaking. On that basis, income from sale of import licences, export house premium and customs drawback did not qualify because there was no material showing that those receipts were derived from the industrial undertaking. The issue was therefore answered in the negative, and the deduction was denied. Case-Laws Income Tax Wed, 10 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16356