https://www.taxtmi.com/caselaws?id=118169 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for correct computation of deductions under sections 80-IA and 80HHC. It was held that the deductions should be computed independently, with section 80-IA applied first, followed by section 80HHC on the remaining profits. The total deductions should not exceed the total profits and gains of the industrial undertaking to prevent double deductions exceeding 100% of the profits. en-us Thu, 22 Jun 2006 00:00:00 +0530 Tue, 31 Jul 2012 23:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118169 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for correct computation of deductions under sections 80-IA and 80HHC. It was held that the deductions should be computed independently, with section 80-IA applied first, followed by section 80HHC on the remaining profits. The total deductions should not exceed the total profits and gains of the industrial undertaking to prevent double deductions exceeding 100% of the profits. Case-Laws Income Tax Thu, 22 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118169