https://www.taxtmi.com/caselaws?id=209612 The High Court allowed the appeals, setting aside the Tribunal's orders and restoring the matters to the Tribunal to consider the eligibility of the respondent assessees for benefits under Section 80HHC. The Assessing Officer had denied the proviso's benefit introduced by the Finance Act, 2005, with retrospective effect from 01/04/1998. The High Court emphasized that the issue was on eligibility, not computation, and found in favor of the assessees, directing a reevaluation of their eligibility for the deduction. Additionally, the High Court dismissed the appeal on the issue of expenditure on bonus shares following a Supreme Court decision. en-us Thu, 24 Feb 2011 00:00:00 +0530 Sat, 13 Jul 2013 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209612 The High Court allowed the appeals, setting aside the Tribunal's orders and restoring the matters to the Tribunal to consider the eligibility of the respondent assessees for benefits under Section 80HHC. The Assessing Officer had denied the proviso's benefit introduced by the Finance Act, 2005, with retrospective effect from 01/04/1998. The High Court emphasized that the issue was on eligibility, not computation, and found in favor of the assessees, directing a reevaluation of their eligibility for the deduction. Additionally, the High Court dismissed the appeal on the issue of expenditure on bonus shares following a Supreme Court decision. Case-Laws Income Tax Thu, 24 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209612