https://www.taxtmi.com/caselaws?id=752057 The commentary addresses deduction computations under the development provisions, including netting of excluded income, where only net profit rather than gross profit is reduced when income is disqualified and there is a direct nexus between the receipts and related expenses. It also discusses whether sale proceeds from scrap, empty containers and gunny bags, as well as interest and allied receipts, can be treated as business income derived from the eligible undertaking for deduction under sections 80I, 80IA, 80HH and 80HHC. Further points cover the distinction between expansion of an existing business and a new unit, the treatment of pre-operative or project expenditure, and depreciation on capitalised expansion costs. The SLP was disposed of because the tax effect was below the threshold, with the question of law kept open. en-us Mon, 29 Apr 2024 00:00:00 +0530 Thu, 07 May 2026 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752057 The commentary addresses deduction computations under the development provisions, including netting of excluded income, where only net profit rather than gross profit is reduced when income is disqualified and there is a direct nexus between the receipts and related expenses. It also discusses whether sale proceeds from scrap, empty containers and gunny bags, as well as interest and allied receipts, can be treated as business income derived from the eligible undertaking for deduction under sections 80I, 80IA, 80HH and 80HHC. Further points cover the distinction between expansion of an existing business and a new unit, the treatment of pre-operative or project expenditure, and depreciation on capitalised expansion costs. The SLP was disposed of because the tax effect was below the threshold, with the question of law kept open. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752057