https://www.taxtmi.com/caselaws?id=207030 The High Court dismissed the appeal and affirmed the Tribunal's decision in accordance with the Apex Court's ruling on computing book profits under Section 115JB and the eligibility for deduction under Section 80HHC. The Court emphasized the distinct spheres in which these sections operate, highlighting the phased reduction in deduction percentages under Section 80HHC(1B). Ultimately, the Court upheld the Tribunal's order, finding no error justifying interference, and clarified the interplay between the sections, emphasizing the self-contained nature of Section 115JB for MAT purposes. en-us Wed, 28 Sep 2011 00:00:00 +0530 Fri, 02 Dec 2011 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207030 The High Court dismissed the appeal and affirmed the Tribunal's decision in accordance with the Apex Court's ruling on computing book profits under Section 115JB and the eligibility for deduction under Section 80HHC. The Court emphasized the distinct spheres in which these sections operate, highlighting the phased reduction in deduction percentages under Section 80HHC(1B). Ultimately, the Court upheld the Tribunal's order, finding no error justifying interference, and clarified the interplay between the sections, emphasizing the self-contained nature of Section 115JB for MAT purposes. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207030