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2021 (9) TMI 1514 - HC - Income TaxDeduction u/s 80HHC - simultaneous deduction under Section 80HHC and 80IB on the same profits - whether deduction u/s 80IA should not be deducted from the profits and gains of business before computing ? - HELD THAT:- It is not disputed before us that the above substantial questions of law were considered in the case of Micro Labs Ltd [2015 (12) TMI 708 - SUPREME COURT] In the light of the difference of opinion between the Hon'ble Judges, the matter has been directed to be placed before the Hon'ble Chief Justice of India, so that the matter can be referred to a larger Bench. Tax Case Appeal is allowed and the order passed by the Tribunal, as well as the Commissioner of Income Tax (Appeals), Large Taxpayer Unit, Chennai, are set aside and the matter is restored to the file of the Assessing Officer, who shall await the decision of the larger Bench of the Hon'ble Supreme Court, in the reference made in the case of Micro Labs Ltd. (supra).
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