https://www.taxtmi.com/caselaws?id=37020 The expression "attributable to" was treated as wider than "derived from", so balancing charge under section 41(2) on sale of machinery used in a priority-industry business was included in the profits and gains attributable to that business. On that construction, the machinery-sale income was not excluded merely because it arose on sale of old machinery and qualified for deduction under section 80E(1). en-us Mon, 14 Aug 1978 00:00:00 +0530 Fri, 26 Mar 2010 10:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37020 The expression "attributable to" was treated as wider than "derived from", so balancing charge under section 41(2) on sale of machinery used in a priority-industry business was included in the profits and gains attributable to that business. On that construction, the machinery-sale income was not excluded merely because it arose on sale of old machinery and qualified for deduction under section 80E(1). Case-Laws Income Tax Mon, 14 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37020