https://www.taxtmi.com/caselaws?id=789062 Interest received on an income-tax refund is not profit or gain "derived" from the eligible industrial undertaking for purposes of Section 80IB. The required direct nexus with the manufacturing or business activity is absent because the receipt arises from excess tax collection and the refund dispute, not from the undertaking's operations. On that reasoning, such interest is outside the deduction provision and cannot be claimed as eligible income under Section 80IB. en-us Fri, 27 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789062 Interest received on an income-tax refund is not profit or gain "derived" from the eligible industrial undertaking for purposes of Section 80IB. The required direct nexus with the manufacturing or business activity is absent because the receipt arises from excess tax collection and the refund dispute, not from the undertaking's operations. On that reasoning, such interest is outside the deduction provision and cannot be claimed as eligible income under Section 80IB. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789062