2003 (1) TMI 249

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . The only grievance of the assessee projected through this appeal is that the CIT(A) was not justified in holding that deductions under ss. 80HH and 80-I should be allowed in respect of income that remains after allowing deduction under s. 80HHC. The facts of the case are that the assessee had claimed deductions under ss. 80HHC, 80HH and 80-I. The deductions under ss. 80HH and 80-I were claimed i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... income was claimed exempt under s. 80HHC. Therefore, the assessee was entitled to deduction under ss. 80HH and 80-I only in respect of remaining income after allowing deduction under s. 80HHC. The CIT(A) further observed that it was disputed issue which was not covered by the provisions of s. 154. Aggrieved the assessee has now come up in appeal before us. 4. The submissions made before the tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... efore making any deduction under this chapter. Sec. 80HHC, also forms part of the same chapter and provides deductions in respect of profits and gains derived from export of goods and merchandise. There is no restriction imposed in the Act that where deductions under ss. 80HH and 80-I are also claimed along with deduction under s. 80HHC, the deduction under ss. 80HH and 80-I should be allowed in r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X