https://www.taxtmi.com/caselaws?id=70682 The Tribunal ruled in favor of the assessee, dismissing the Department's appeal. The deductions under sections 80-IB and 80HHC were held to be independent, with relief under s. 80-IA deducted before computing relief under s. 80HHC. The Tribunal emphasized that deductions under s. 80-IA and 80HHC should be calculated separately to prevent exceeding 100% of eligible profit. The decision aligned with the precedent set by the jurisdictional High Court in the case of SCM Creations. en-us Mon, 29 Dec 2008 00:00:00 +0530 Wed, 01 Aug 2012 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70682 The Tribunal ruled in favor of the assessee, dismissing the Department's appeal. The deductions under sections 80-IB and 80HHC were held to be independent, with relief under s. 80-IA deducted before computing relief under s. 80HHC. The Tribunal emphasized that deductions under s. 80-IA and 80HHC should be calculated separately to prevent exceeding 100% of eligible profit. The decision aligned with the precedent set by the jurisdictional High Court in the case of SCM Creations. Case-Laws Income Tax Mon, 29 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70682