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2009 (10) TMI 653 - MADRAS HIGH COURTWhether on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that while computing the deduction under Section 80HHC, the deduction allowed under Section 80IB need not be reduced from the business profits ? Held that:- The Tribunal has followed the judgment rendered by the Division Bench of this court in the case of SCM Creation vs. Assistant Commissioner of Income Tax [2008 (3) TMI 223 - MADRAS HIGH COURT] in which one of us (K.Raviraja Pandian,J) is a party. In the said decision, the question of law has already been decided against the Revenue. Appeal dismissed.
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