Deduction to be allowed under any other provision of Chapter VI-A with the heading ‘C’ is to be reduced by amount of deduction allowed u/s. 80-IB/80-IA

RELEVANT EXTRACTS: 1.  This Special Bench was constituted on the recommendation of the regular Bench which was hearing above appeals. The controversy relates to the computation of deduction u/s 80HHC to an assessee (industrial undertaking) after it has been allowed deduction u/s 80-IB of the Income Tax Act.  In other words, the effect of provision of Section 80-IA(9) introduced w.e.f. 1.4.1999 is to be seen. 2.  Earlier Special Bench (ITAT ‘D’ Bench) at Chennai in the case of ACIT Vs Rogini Garments (2007) 108 ITD 49 was constituted to consider similar controversy when conflict of vi...