Deduction under other provisions will be restricted when profit already granted deduction u/s. 80-IA

Inox India Limited Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that when a certain profit or gain has already been granted deduction under section 80-IA to extent specified in first part of sub-section (9) of section 80-IA assessee’s claim of deduction under other provisions, including section 80HHC, would be restricted.

Facts- The assessee is engaged in manufacturing of vacuum insulated tanks and related products. During the relevant assessment years, the applicant sought deduction under sections 80HHC and 80-IA of the Act. The Assessing Officer scru

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