https://www.taxtmi.com/caselaws?id=209351 The Court held that assessees are entitled to deduction under s. 80HHC in the computation of book profit under s. 115JB of the IT Act. It clarified that the restriction under s. 80AB or s. 80B(5) should not disentitle assessees from the deduction. The Court directed the Assessing Officer to recompute the book profit by allowing the deduction under s. 80HHC in accordance with specified methods and provisions, vacating the lower authorities' orders. en-us Tue, 30 Nov 2010 00:00:00 +0530 Fri, 05 Aug 2016 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209351 The Court held that assessees are entitled to deduction under s. 80HHC in the computation of book profit under s. 115JB of the IT Act. It clarified that the restriction under s. 80AB or s. 80B(5) should not disentitle assessees from the deduction. The Court directed the Assessing Officer to recompute the book profit by allowing the deduction under s. 80HHC in accordance with specified methods and provisions, vacating the lower authorities' orders. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209351