Madras HC: 80HHC Deduction Allowed Without Adjusting 80IB, Follows SC

CIT Vs Rane Brake Lining Ltd (Madras High Court)

Madras High Court has dismissed an appeal by the Commissioner of Income Tax (CIT), upholding an Income Tax Appellate Tribunal (ITAT) decision regarding deductions under Sections 80HHC and 80IB of the Income Tax Act, 1961.

The central question was whether deduction under Section 80HHC (for export profits) should be given without reducing the deduction claimed under Section 80IB (for industrial undertakings). The High Court relied on recent Supreme Court rulings to affirm the ITAT’s stance. It cited Shital Fiber

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