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2022 (1) TMI 792 - MADRAS HIGH COURTComputation of deduction u/s 80HHC - HELD THAT:- The first question of law raised in this appeal has already been considered and decided by the Supreme Court in favour of the Assessee in the case of ACG Associated Capsules (P) Ltd. [2012 (2) TMI 101 - SUPREME COURT] wherein Ninety per cent of not the gross interest/rent but only the net interest/rent, which has been included in the profits of the business of the assessee as computed under the heads ‘PGBP’ is to be deducted under clause (1) of Explanation (baa) to Section 80HHC for determining the profits of the business – Decided in favour of assessee
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