Simultaneous Section 80IA & 80HHC Deductions Allowed Subject to 100% Cap: Madras HC

CIT Vs Mohan Breweries And Distilleries Ltd (Madras High Court)

The Madras High Court heard a tax case appeal concerning the assessment year 2004–05, arising from an order of the Income Tax Appellate Tribunal (ITAT). The appeal involved three substantial questions of law admitted earlier, centering on the interaction between deductions claimed under Sections 80-IA and 80-HHC of the Income Tax Act, 1961, and the validity of a revisionary order passed under Section 263.

The Revenue contended that the ITAT erred in allowing deduction under Section 80-HHC without reducing the

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