https://www.taxtmi.com/caselaws?id=428438 The High Court held that the interest received on delayed payments by the appellant is directly linked to the business activity of the industrial undertaking, qualifying as profits and gains derived from the industrial undertaking. Consequently, the court ruled in favor of the appellant, allowing the deduction claimed under Section 80(I) of the Income Tax Act. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428438 The High Court held that the interest received on delayed payments by the appellant is directly linked to the business activity of the industrial undertaking, qualifying as profits and gains derived from the industrial undertaking. Consequently, the court ruled in favor of the appellant, allowing the deduction claimed under Section 80(I) of the Income Tax Act. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428438