High Court allows revenue's appeal on deduction u/s 80HHC for 1999-2000 assessment. Remand to Tribunal.

The High Court Punjab and Haryana allowed the revenue's appeal under Section 260A of the Income Tax Act, 1961 regarding deduction u/s 80HHC for the assessment year 1999-2000. The matter was remanded to the Tribunal for further proceedings.

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The High Court Punjab and Haryana allowed the revenue's appeal under Section 260A of the Income Tax Act, 1961 against the ITAT order regarding deduction u/s 80HHC on the face value of DEPB for the assessment year 1999-2000. The appeal was disposed of in the same terms as a similar case, and the matter was remanded to the Tribunal for further proceedings.

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