Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (7) TMI 1216 - GUJARAT HIGH COURT

2016 (7) TMI 1216 - GUJARAT HIGH COURT - TMI - Computation of deduction u/s 80HHC - whether the tribunal was right in law in directing to reduce only net amount of the receipts under clause (baa) of section 80HHC? Held that:- As decided in the case of Milton Laminates Ltd. v. Assistant Commissioner of Income-tax, Circle-4 [2015 (4) TMI 804 - GUJARAT HIGH COURT] held that 90% of not the gross interest but only the net interest, which has been included in the profits of the business of the assesse .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nt and order dated 12.12.2008 of the Income Tax Appellate Tribunal, Tribunal D Bench, Ahmedabad in ITA No.1010/Ahd/2006 for the Assessment Year : 2002-2003 whereby the Tribunal held in favour of the assessee and partly reversed the order of CIT (Appeals). 2. While admitting the matter on 11.07.2011, the following substantial question of law was framed by the Court for consideration :- Whether, on the facts and in the circumstances of the case, the tribunal was right in law in directing to reduce .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version