2004 (4) TMI 20 - GUJARAT HIGH COURT

Relief under section 80J - industrial undertaking - "Whether, Tribunal is right in holding that CCS. (cash compensatory support) and Duty Draw Back received by the assessee would constitute income derived from an industrial undertaking and eligible for relief under section 80J of the Income-tax Act, 1961?" – Held that CCS received by the assessee would not constitute income "derived from" an industrial undertaking and, therefore, the same is not eligible for relief under section 80J of the Income-tax Act, 1961, in the case of duty drawback, the same is "derived from" the industrial undertaking and, therefore, eligible for relief under section 80J of the Income-tax Act, 1961.