https://www.taxtmi.com/caselaws?id=217108 The High Court of Himachal Pradesh held that deductions under Sections 80IB and 80HHC should be computed independently, allowing full deductions for each section without proportionate reduction. Section 80IA(9) restricts total deductions to prevent exceeding business profits but does not impact individual section deductions. The court ruled in favor of the assessee, rejecting the revenue's interpretation to ensure statutory compliance and prevent double benefits. The appeals were dismissed without costs. en-us Wed, 19 Sep 2012 00:00:00 +0530 Mon, 01 Oct 2012 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217108 The High Court of Himachal Pradesh held that deductions under Sections 80IB and 80HHC should be computed independently, allowing full deductions for each section without proportionate reduction. Section 80IA(9) restricts total deductions to prevent exceeding business profits but does not impact individual section deductions. The court ruled in favor of the assessee, rejecting the revenue's interpretation to ensure statutory compliance and prevent double benefits. The appeals were dismissed without costs. Case-Laws Income Tax Wed, 19 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217108