https://www.taxtmi.com/caselaws?id=425579 The Tribunal partly allowed the appeal, admitting additional grounds but upholding the denial of deductions under section 80-IC for the sale of Focus Scrip/License, duty drawback, and interest on KDR. The decision stressed the necessity of a direct nexus between profits and the industrial undertaking for eligibility under section 80-IC, citing relevant case law to support its findings. en-us Mon, 30 May 2022 00:00:00 +0530 Tue, 26 Jul 2022 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425579 The Tribunal partly allowed the appeal, admitting additional grounds but upholding the denial of deductions under section 80-IC for the sale of Focus Scrip/License, duty drawback, and interest on KDR. The decision stressed the necessity of a direct nexus between profits and the industrial undertaking for eligibility under section 80-IC, citing relevant case law to support its findings. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425579