https://www.taxtmi.com/caselaws?id=63327 The appellant, engaged in the manufacture and export of cycle parts, was eligible for deductions under sections 80HHC and 80-IB of the Income Tax Act. The Hon'ble Madras High Court held that deductions under both sections should be allowed from gross income, not net income after various deductions. The High Court ruled in favor of the assessee, emphasizing that deductions under both sections can be claimed on the gross total income. As a result, the claim of the assessee was deemed allowable, and the appeal by the Revenue was dismissed. en-us Fri, 06 Jun 2008 00:00:00 +0530 Tue, 07 Aug 2012 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63327 The appellant, engaged in the manufacture and export of cycle parts, was eligible for deductions under sections 80HHC and 80-IB of the Income Tax Act. The Hon'ble Madras High Court held that deductions under both sections should be allowed from gross income, not net income after various deductions. The High Court ruled in favor of the assessee, emphasizing that deductions under both sections can be claimed on the gross total income. As a result, the claim of the assessee was deemed allowable, and the appeal by the Revenue was dismissed. Case-Laws Income Tax Fri, 06 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63327