Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (9) TMI 752 - HC - Income TaxWhether sections 80 HH and 80-I of the Income-tax Act, 1961, are independent of each other and therefore a new industrial unit can claim deductions under both the sections on the gross total income independently or that deduction under section 80-I can be taken on the reduced balance after taking into account the benefit taken under section 80 HH – Held that:- Reliance has been placed upon the judgment in the case of J.P. Tobacco Products P. Ltd v. CIT reported [1996 (8) TMI 29 - MADHYA PRADESH High Court], wherein it has been held that both the sections are independent and, therefore, the deductions could be claimed both under sections 80-HH and 80-I on the gross total income – Decided against the Revenue.
|