https://www.taxtmi.com/caselaws?id=151962 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Department's appeals regarding the deduction under section 80HHC. The Tribunal concluded that the deduction should be based on profits of the year without considering set off of losses, in line with rule 18BBA. The Department's request for condonation of delay was granted, and the appeals were rejected, affirming the allowance of deduction under section 80HHC. en-us Wed, 10 Jan 2001 00:00:00 +0530 Thu, 20 Jun 2013 12:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151962 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Department's appeals regarding the deduction under section 80HHC. The Tribunal concluded that the deduction should be based on profits of the year without considering set off of losses, in line with rule 18BBA. The Department's request for condonation of delay was granted, and the appeals were rejected, affirming the allowance of deduction under section 80HHC. Case-Laws Income Tax Wed, 10 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151962