2009 (11) TMI 116

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of deduction under section 80HHC in a case of MAT assessment is to be worked out on the basis of the adjusted book profits under section 115JB of the Income-tax Act, 1961, is valid?” – Held that deduction u/s 80HHC to be worked out on baiss of adjusted book profit u/s 115JB – revenue’s appeal dismissed - 1097, 876, 880, 530, 242, 571 and 636 of 2009 - - - Dated:- 17-11-2009 - K. RAVIRAJA PANDIA .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 115JB of the Income-tax Act, 1961, is valid?" 2. Mr. T. Ravikumar, the learned counsel appearing for the Revenue, submitted that the issue has been decided by this court in the case of CIT v. Rajanikant Schnelder and Associates P. Ltd. reported in [2008] 302 ITR 22. Subsequently, the Bombay High Court has taken a different view that the said case was not available when the matter wa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X