Subsidy income derived from business of industrial undertaking eligible for section 80IB deduction

Tata Chemicals Limited Vs DCIT (ITAT Mumbai)

Facts- The assessee has raised the ground with respect to the taxability of sales tax incentive whether is an income chargeable to tax and, if yes, whether same is eligible for deduction u/s 80 IB of the income tax act and whether the fertilizer subsidy provided by the government as per price concession was an income eligible for deduction u/s 80 IB of the income tax act, has not been decided.

Conclusion- Hon Supreme court has considered

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