{"id":730,"date":"2018-05-09T00:02:02","date_gmt":"2018-05-09T00:02:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/kashmir-tubes-v-ito-2017-85-taxmann-com-299-2018-300-ctr-541-jk-hc\/"},"modified":"2018-05-09T00:02:02","modified_gmt":"2018-05-09T00:02:02","slug":"kashmir-tubes-v-ito-2017-85-taxmann-com-299-2018-300-ctr-541-jk-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kashmir-tubes-v-ito-2017-85-taxmann-com-299-2018-300-ctr-541-jk-hc\/","title":{"rendered":"Kashmir Tubes v. ITO  (2017) 85 taxmann.com 299 (2018) 300 CTR 541  (J&#038;K) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that ; revenue subsidies received by the assessee towards reimbursement of cost could be said to have direct nexus with profits and gains of industrial undertaking and eligible for deduction.Followed CIT v. Meghalaya Steel Ltd (2016) 383 ITR 217 ( SC)   (AY. 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB: Industrial undertakings  \u2013 Interest Subsidy \u2013 Revenue subsidies received by the assessee towards reimbursement of cost could be said to have direct nexus with profits and gains of industrial undertaking and eligible for deduction.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=730"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/730\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}