Transport subsidy received by an industrial undertaking under a scheme of Central Government is not eligible for deduction u/s 80-IA

JUDGEMENT

Deepak Gupta, J. (oral)

These appeals are being disposed of by a single judgement as the question of law involved in both the appeal is the same and reads as follows:

“1.Whether the ITAT was right in law in holding that `Freight Subsidy’ received from the Govt. by the assessee is allowed to be included as profits derived from the industrial undertaking and eligible for deduction under Section 80-1A of the Income Tax Act, 1961,

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