Section 80-IA(9) cannot be interpreted to mean that s. 80-IA deduction has to be reduced for computing deduction U/s. 80HHC – Bombay HC

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 3036 OF 2010 Versus 1. Dy. Commissioner of Income Tax 2. Commissioner of Income ­tax CORAM : J.P. Devadhar &R.M. Savant, JJ. Reserved on : 21st December, 2010. Pronounced on : 10th January, 2011. JUDGMENT: (Per J.P. Devadhar, J.) 1. This appeal was admitted on 23rd August 2010 on two questions of law. However, at the hearing of the appeal, the said two questions were re­framed into one question of law, which reads thus : “Whether the Tribunal was justified in holding th...