https://www.taxtmi.com/caselaws?id=213300 Deductions under Section 80-IB and Section 80HHC were treated as independent Chapter VI-A deductions and could be claimed on the same profits. Section 80-IA(9), read with Section 80-IB(13), was interpreted as restricting only a further deduction to the extent profits had already been allowed under that provision, not as barring deductions under other independent provisions. The Court also noted that the aggregate deduction must remain within the total eligible profits and gains. On that basis, simultaneous relief under Section 80-IB and Section 80HHC was held permissible, subject to the overall ceiling, in favour of the assessee. en-us Wed, 15 Feb 2012 00:00:00 +0530 Thu, 17 May 2012 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213300 Deductions under Section 80-IB and Section 80HHC were treated as independent Chapter VI-A deductions and could be claimed on the same profits. Section 80-IA(9), read with Section 80-IB(13), was interpreted as restricting only a further deduction to the extent profits had already been allowed under that provision, not as barring deductions under other independent provisions. The Court also noted that the aggregate deduction must remain within the total eligible profits and gains. On that basis, simultaneous relief under Section 80-IB and Section 80HHC was held permissible, subject to the overall ceiling, in favour of the assessee. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213300