https://www.taxtmi.com/caselaws?id=19657 The court ruled against the assessee, stating that income received for letting out an industrial undertaking's facilities for processing scrap material did not qualify for deduction under section 80J of the Income-tax Act, 1961. The court emphasized that to claim the deduction, profits and gains must be directly derived from the industrial undertaking itself, distinguishing between income from operations and income from leasing facilities to another entity. en-us Thu, 10 Nov 1994 00:00:00 +0530 Sat, 07 Nov 2009 16:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19657 The court ruled against the assessee, stating that income received for letting out an industrial undertaking's facilities for processing scrap material did not qualify for deduction under section 80J of the Income-tax Act, 1961. The court emphasized that to claim the deduction, profits and gains must be directly derived from the industrial undertaking itself, distinguishing between income from operations and income from leasing facilities to another entity. Case-Laws Income Tax Thu, 10 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19657