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2005 (8) TMI 80 - HC - Income TaxAdditions on account of lowering of prices of the goods sold - deduction under section 80-I - "1. Whether, Tribunal was legally justified in deleting the made on account of lowering of prices of the goods sold which the Income-tax Appellate Tribunal have allowed as a measure of business expediency? 2. Whether, Tribunal was legally justified in directing to compute the deduction under section 80-I on the total income without excluding any deduction under section 80HH overlooking the provisions of sub-section (9) of section 80HH?" - it has been held that the unit is entitled to special deduction under both the sections 80HH and 80-I. So far as the benefit of section 80-I is concerned it is to be granted on the gross total income and not on the income reduced by the amount of income allowed under section 80HH. - In the result, both the questions referred to us are answered in the affirmative, i.e., in favour of the assessee and against the Revenue
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