https://www.taxtmi.com/caselaws?id=57208 The Tribunal upheld the CIT(A)'s decision, rejecting the assessee's claims for deductions under sections 80HHC and 80-IA for the surrendered income of Rs. 14,80,000. The Tribunal emphasized the necessity of a direct nexus between the income and the business activities or industrial undertaking for such deductions, citing relevant Supreme Court and High Court rulings. The appeal filed by the assessee was dismissed. en-us Wed, 31 Aug 2005 00:00:00 +0530 Wed, 08 Dec 2010 18:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57208 The Tribunal upheld the CIT(A)'s decision, rejecting the assessee's claims for deductions under sections 80HHC and 80-IA for the surrendered income of Rs. 14,80,000. The Tribunal emphasized the necessity of a direct nexus between the income and the business activities or industrial undertaking for such deductions, citing relevant Supreme Court and High Court rulings. The appeal filed by the assessee was dismissed. Case-Laws Income Tax Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57208