2011 (6) TMI 830 - HC - Income Tax

Summary

The Bombay High Court admitted an appeal regarding questions of law related to the treatment of CST reimbursement claim as income derived from an industrial undertaking and eligibility for exemption under section 10B. The court also considered whether various receipts of Century Yarn Division, such as freight rebate, power subsidy, and others, were eligible for deduction under section 10B due to their direct nexus with export business.