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Case Law Details

Case Name : The CIT Vs M/s H. M. Steels Ltd. (Punjab & Haryana High Court)
Related Assessment Year :
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Brief of the Case

Punjab & Haryana High Court held In the case of The CIT vs. M/s H. M. Steels Ltd that on an analysis of section 80IC, it must be held that any industrial undertaking or enterprise would be entitled to deduction under sub-section (1) only to the extent of profits derived from such an industrial undertaking and not on account of any rebate or incentive made available to it by the Government. The sales tax rebate is an incentive which flows from the scheme framed by t

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