Section 80HH and 80-IA deductions on income having direct nexus to industrial undertaking

HIGH COURT OF MADRAS Carborundum Universal Ltd. Versus Deputy Commissioner of Income-tax, Special Range VI, Chennai TAX CASE (APPEAL) NO. 993 OF 2005 JUNE  4, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. The assessee is on appeal against the order of the Income Tax Appellate Tribunal relating to the assessment year 1989-90, raising the following substantial questions of law: 1. Whether on the facts and circumstances of the case the Tribunal is right in holding that deduction under Section 32AB has to be allowed from the profits for the purpose of determining the relief un...