https://www.taxtmi.com/caselaws?id=255272 The High Court dismissed the Revenue's appeal challenging the Appellate Tribunal's order, finding the questions raised irrelevant. It clarified that deductions under Sections 80I and 80HH should be made independently from the gross total income. Following the Supreme Court precedent, the Court ruled that new industrial undertakings can claim deductions under both sections separately. The appeal was dismissed in favor of the assessee, aligning with the Supreme Court's interpretation of the Income Tax Act. en-us Wed, 17 Dec 2014 00:00:00 +0530 Tue, 13 Jan 2015 07:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255272 The High Court dismissed the Revenue's appeal challenging the Appellate Tribunal's order, finding the questions raised irrelevant. It clarified that deductions under Sections 80I and 80HH should be made independently from the gross total income. Following the Supreme Court precedent, the Court ruled that new industrial undertakings can claim deductions under both sections separately. The appeal was dismissed in favor of the assessee, aligning with the Supreme Court's interpretation of the Income Tax Act. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255272