https://www.taxtmi.com/caselaws?id=221480 The High Court upheld the ITAT's decision to apply the Supreme Court's ruling in IPCA Laboratory Ltd., determining that profits and losses from different units must be combined for computing deductions under Section 80HHC. The appellant's appeal was dismissed, affirming the ITAT's approach of considering all units' net profit for the deduction. The High Court ruled in favor of the Revenue, emphasizing the importance of treating different units of the same assessee company as a single entity for income tax purposes. en-us Tue, 29 Jan 2013 00:00:00 +0530 Tue, 02 Jul 2013 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221480 The High Court upheld the ITAT's decision to apply the Supreme Court's ruling in IPCA Laboratory Ltd., determining that profits and losses from different units must be combined for computing deductions under Section 80HHC. The appellant's appeal was dismissed, affirming the ITAT's approach of considering all units' net profit for the deduction. The High Court ruled in favor of the Revenue, emphasizing the importance of treating different units of the same assessee company as a single entity for income tax purposes. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221480