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Section 80-IB Deduction Not Reducible Before Computing Section 80HHC Relief: Madras HC
Case Law Details
- Case Name
- Limitex Vs ACIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Limitex Vs ACIT (Madras High Court)
The appeal concerned the assessment year 2004-05, where the assessee challenged the Tribunal’s order holding that deduction under Section 80-HHC should be restricted after allowing deduction under Section 80-IB by applying Section 80-IA(9) of the Income-tax Act. The substantial questions of law were whether deduction under Section 80-IB should be reduced from business profits before computing deduction under Section 80-HHC and whether deduction under Section 80-HHC should instead be granted prior to deduction under Section 80-IB.
During th...
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