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2008 (12) TMI 191 - HC - Income TaxRelief under two sections simultaneously – effect of amendment - ITAT hold that relief under section 80-IA should be deducted from the profits and gains of the business before computing the relief under section 80HHC – held that - amendment has been brought by the Act of 1998 and made effective from April 1, 1999 - the Tribunal erred in applying it to the assessment year 1998-99 when the amendment had not yet come into effect - substantial question of law is answered in favour of the assessee, but restricting it only to the assessment year 1998-99
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