HC to decide reduction of 90 per cent of net commission received by assessee from profits of business for computation of deduction u/s. 80HHF

SUPREME COURT OF INDIA Commissioner of Income tax, City-II Versus Star India (P.) Ltd. TRANSFERRED CASE (CIVIL) NO. 118 OF 2011 AUGUST 29, 2012 ORDER 1. Heard learned counsel on both sides. 2. The question which requires to be answered in this case is as follows: “Whether, on the facts and circumstances of this case and in law, the Income Tax Appellate Tribunal was correct in directing the Department to reduce 90% of the net commission received by the assessee from the profits of the business for computation of deduction under Section 80HHF of the Income Tax Act, 1961?&#...