Income Tax Deduction u/s 80IC Upheld for Transport, Power, and Interest Subsidies Linked to Business Profits.

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....Disallowance of deduction u/s 80IC - Subsidy - nexus between the profits and gains of the industrial undertaking or business - The assessee succeeds and claim of the assessee in respect of deduction u/s 80IC of the Act in respect of subsidy (transport subsidy, power subsidy and interest subsidy) should be granted and the AO is directed to do so - AT....