https://www.taxtmi.com/caselaws?id=122558 The appeal by the assessee was partly allowed, and the appeal by the revenue was dismissed. The Assessing Officer (AO) was directed to recompute the deductions under sections 80-IB and 80HHC in accordance with the Tribunal's findings, ensuring no simultaneous and independent deductions are allowed. The Tribunal emphasized the need for proper segregation of income and expenditure without separate books and allowed certain incomes as eligible for deductions under the respective sections while excluding others based on established legal principles. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 29 Aug 2023 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122558 The appeal by the assessee was partly allowed, and the appeal by the revenue was dismissed. The Assessing Officer (AO) was directed to recompute the deductions under sections 80-IB and 80HHC in accordance with the Tribunal's findings, ensuring no simultaneous and independent deductions are allowed. The Tribunal emphasized the need for proper segregation of income and expenditure without separate books and allowed certain incomes as eligible for deductions under the respective sections while excluding others based on established legal principles. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122558