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Deduction u/s 80IA can be claimed without excluding Deduction u/s 80HHC
Case Law Details
- Case Name
- M/s. Indian Gum Industries Ltd. Vs JCIT (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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M/s. Indian Gum Industries Ltd. Vs JCIT (Bombay High Court)
Facts of the Case
For the previous year relevant to the subject Assessment year, the Appellant in its return of income claimed 100% deduction in respect of profits earned by the two new factories derived from its exports under Section 80HHC of the Act. Besides, the Appellant also claimed the benefits of deduction under the Section 80IA of the Act to the extent of 30% of the profits and gains derived from its two new factories at Ahmedabad. The aggregate of deductions claimed was less than its Gross Total Income as defined under Sect...
