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2014 (3) TMI 1120 - GUJARAT HIGH COURTIncome from exchange gain eligible for deduction u/s.80HHC - Held that:- Question is covered by the judgment in Commissioner of Income Tax-III vs. M/s. Priyanka Gems [2014 (3) TMI 938 - GUJARAT HIGH COURT] - decided in favour of assessee Scrap income eligibility for deduction u/s.80IB/80HHC - held that:- This question covered in the case of The Commissioner of Income-tax vs. Jikar A. Saiyed [2013 (12) TMI 1562 - GUJARAT HIGH COURT] Excise duty and sales tax not be included in the total turnover while calculating the deduction u/s.80HHC - held that:- Issue covered in favour of the assessee by virtue of the decision in the case of Commissioner of Income-tax vs. Pogagen AMP Nagarsheth Powertronics Ltd [2014 (3) TMI 934 - GUJARAT HIGH COURT] Belated payment of provident fund and ESIC amounts - Held that:- In so far as the employer’s contribution to Provident fund and ESIC, which were deposited late is concerned, deduction would be available. The question is answered in favour of the assessee. However, with respect to belated payments of provident fund and ESIC pertaining to the employee’s contribution, no deduction would be available and accordingly, the question is answered against the assessee.
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