Deduction U/s. 80HHC cannot be claimed on profit on which deduction U/S. 80IA already been claimed

HIGH COURT OF PUNJAB & HARYANA Commissioner of Income-tax-I, Ludhiana Versus Abhishek Industries Ltd. SURYA KANT AND R.P. Nagrath, JJ. IT Appeal No. 312 of 2011 DECEMBER  20, 2012 JUDGMENT R.P. Nagrath, J. This appeal filed by Commissioner of Income Tax-I, Ludhiana under Section 260A of the Income Tax Act, 1961 (for brevity ‘IT Act’) challenges the order dated 29.04.2011 passed by the Income Tax Appellate Tribunal, Bench ‘A’, Chandigarh (ITAT). 2. The facts of the case in brief are that Joint Commissioner, Income Tax, Range-I, Ludhiana, the Assess...