https://www.taxtmi.com/caselaws?id=20126 The High Court held that deduction u/s 80HH for a leased industrial unit requires profits to be directly derived from the industrial undertaking. As the lease income was not directly derived from manufacturing activities but from leasing the unit, it did not qualify for the deduction. Consequently, the Tribunal's decision to allow the deduction was deemed erroneous. The High Court also denied the deduction u/s 80J based on the disallowance of deduction u/s 80HH. Both issues were decided against the assessee in favor of the Revenue, with the Revenue being awarded costs of Rs. 2,000. en-us Thu, 24 Mar 1994 00:00:00 +0530 Wed, 11 Nov 2009 18:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20126 The High Court held that deduction u/s 80HH for a leased industrial unit requires profits to be directly derived from the industrial undertaking. As the lease income was not directly derived from manufacturing activities but from leasing the unit, it did not qualify for the deduction. Consequently, the Tribunal's decision to allow the deduction was deemed erroneous. The High Court also denied the deduction u/s 80J based on the disallowance of deduction u/s 80HH. Both issues were decided against the assessee in favor of the Revenue, with the Revenue being awarded costs of Rs. 2,000. Case-Laws Income Tax Thu, 24 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20126