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Deduction u/s 80HHC is to be allowed to the extent of Gross Total Income
Case Law Details
- Case Name
- V. M. Salgaocar & Brother Pvt. Ltd Vs The ACIT (Goa High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Goa High Court
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Deduction u/s 80HHC is to be allowed to the extent of Gross Total Income
Brief of the case
In the case of V. M. Salgaocar & Brother Pvt. Ltd vs. The Asst. Commissioner of Income Tax, Goa High Court has held that deduction u/s 80HHC is to be allowed to the extent of gross total income and not to the extent of business profit only.
Facts of the case
The assessee is engaged in the business of export of processed iron ore which is manufactured and produced by the appellant as well as ore in which the appellant trades. the Assessing Officer has determined the income chargeable under
The head...
