Independent tax deductions under Sections 80HH and 80-I allowed separately and simultaneously for the same assessment year.

Deductions under Sections 80HH and 80-I were held to operate independently, so an assessee could claim both separately and simultaneously for the relevant assessment year. The HC followed its earlier view on the same controversy and noted that the Supreme Court had upheld that position in principle, leaving the Revenue unable to adopt a contrary stand.

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Issues: Whether the assessee was entitled to separate and simultaneous deductions under Sections 80HH and 80-I of the Income-tax Act, 1961.

Analysis: The Court followed its earlier decision holding that the deductions under Sections 80HH and 80-I operate independently and can be allowed separately for the relevant assessment year. The Court also noted that the Supreme Court had upheld that view in principle and that the Revenue could not take a contrary stand on the same controversy.

Conclusion: The question was answered in the affirmative, holding that the assessee was entitled to claim deductions under both provisions separately and simultaneously.

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