https://www.taxtmi.com/caselaws?id=210957 The court held that deductions under sections 80HHC and 80-IA are independent, allowing a new industrial unit to claim deductions on gross total income independently. The deductions are restricted to the total profits of the eligible business. The court rejected the Revenue's argument to deduct profits under section 80-IA before calculating profits under section 80HHC. The court did not address the Commissioner's jurisdiction due to the favorable outcome for the assessee. The appeals were dismissed or allowed accordingly, granting relief to the assessee and directing the assessing authority to implement the judgment. en-us Thu, 03 Feb 2011 00:00:00 +0530 Mon, 23 Nov 2015 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210957 The court held that deductions under sections 80HHC and 80-IA are independent, allowing a new industrial unit to claim deductions on gross total income independently. The deductions are restricted to the total profits of the eligible business. The court rejected the Revenue's argument to deduct profits under section 80-IA before calculating profits under section 80HHC. The court did not address the Commissioner's jurisdiction due to the favorable outcome for the assessee. The appeals were dismissed or allowed accordingly, granting relief to the assessee and directing the assessing authority to implement the judgment. Case-Laws Income Tax Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210957