https://www.taxtmi.com/caselaws?id=62094 The Appellate Tribunal allowed the appeal in favor of the assessee, holding that the deduction under section 80-E for a steel re-rolling mills should be based on the total income before setting off losses, in accordance with the Kerala High Court decision. The Tribunal emphasized the binding nature of the High Court decision on the Income Tax Officer and directed the rectification of the mistake in the deduction calculation based on the pre-set off income figure. The decision highlighted the importance of following authoritative pronouncements of High Courts in similar cases. en-us Wed, 30 Jun 1976 00:00:00 +0530 Tue, 18 Jan 2011 10:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62094 The Appellate Tribunal allowed the appeal in favor of the assessee, holding that the deduction under section 80-E for a steel re-rolling mills should be based on the total income before setting off losses, in accordance with the Kerala High Court decision. The Tribunal emphasized the binding nature of the High Court decision on the Income Tax Officer and directed the rectification of the mistake in the deduction calculation based on the pre-set off income figure. The decision highlighted the importance of following authoritative pronouncements of High Courts in similar cases. Case-Laws Income Tax Wed, 30 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62094