https://www.taxtmi.com/caselaws?id=443693 The Tribunal dismissed the assessee's appeal, upholding the disallowance of the deduction claimed for income received from Duty Draw Back Scheme and MEIS under section 80IB(11A) of the Income Tax Act. This decision aligned with the Supreme Court's ruling in M/s. Saraf Exports, clarifying that such income is not eligible for deduction as it is not derived from the industrial undertaking. en-us Wed, 27 Sep 2023 00:00:00 +0530 Thu, 28 Sep 2023 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443693 The Tribunal dismissed the assessee's appeal, upholding the disallowance of the deduction claimed for income received from Duty Draw Back Scheme and MEIS under section 80IB(11A) of the Income Tax Act. This decision aligned with the Supreme Court's ruling in M/s. Saraf Exports, clarifying that such income is not eligible for deduction as it is not derived from the industrial undertaking. Case-Laws Income Tax Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443693