https://www.taxtmi.com/caselaws?id=256718 The High Court upheld the Tribunal's decision regarding the entitlement to deduction under section 80HHB of the Income-tax Act, 1961, for each project without aggregating profits from all overseas projects. The Court found that the Tribunal's interpretation of allowing deductions unit-wise was appropriate based on the specific facts of the case. Emphasizing consistency with legal provisions and previous judgments, the Court ruled in favor of the assessee, affirming the Tribunal's decision and clarifying the computation of deductions under section 80HHB. en-us Wed, 03 Sep 2014 00:00:00 +0530 Fri, 20 Feb 2015 08:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256718 The High Court upheld the Tribunal's decision regarding the entitlement to deduction under section 80HHB of the Income-tax Act, 1961, for each project without aggregating profits from all overseas projects. The Court found that the Tribunal's interpretation of allowing deductions unit-wise was appropriate based on the specific facts of the case. Emphasizing consistency with legal provisions and previous judgments, the Court ruled in favor of the assessee, affirming the Tribunal's decision and clarifying the computation of deductions under section 80HHB. Case-Laws Income Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256718