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2010 (7) TMI 122 - HC - Income TaxDeduction u/s 80HHC – Business Profit – Deduction allowed u/s 80IB to be taking into account for the purpose of deduction 80HHC or not? Held that: - the question of deduction of the amount allowed under Section 80 IB of the Act for the propose of computing deduction under Section 80 HHC of the Act does not arise at all. It goes without saying that deduction computed under Section 80 HHC of the Act has to be without any other deduction and, therefore, the effect of computation as per the order passed by the Tribunal, (without commenting upon as to whether the legal issue decided by the High Court was right or wrong) is correct and deduction has to be allowed taking into account the gross total income.
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