https://www.taxtmi.com/caselaws?id=122995 The Tribunal partly allowed the appellant's appeal by overturning the enhanced assessment under section 80-IB of the Income-tax Act. However, the claim for deduction under sections 80-IB and 80HHC independently on gross profit was dismissed. The Tribunal emphasized that once a deduction is allowed in the initial year, it cannot be denied in subsequent years on the same ground. Additionally, it clarified that restrictions on deductions under section 80-IA(9) apply to all deductions under Chapter VI-A of the Income-tax Act, and relief under section 80-IA should be deducted from profits before computing relief under section 80HHC. en-us Fri, 01 Oct 2010 00:00:00 +0530 Sat, 25 Aug 2012 12:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122995 The Tribunal partly allowed the appellant's appeal by overturning the enhanced assessment under section 80-IB of the Income-tax Act. However, the claim for deduction under sections 80-IB and 80HHC independently on gross profit was dismissed. The Tribunal emphasized that once a deduction is allowed in the initial year, it cannot be denied in subsequent years on the same ground. Additionally, it clarified that restrictions on deductions under section 80-IA(9) apply to all deductions under Chapter VI-A of the Income-tax Act, and relief under section 80-IA should be deducted from profits before computing relief under section 80HHC. Case-Laws Income Tax Fri, 01 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122995