https://www.taxtmi.com/caselaws?id=170016 The court ruled in favor of the assessee on all three issues presented in the case. It held that the sum paid as an incentive to employees should not be added back to the net profits while computing book profit under Section 115J. Additionally, it allowed the deduction under Section 80I without considering the deduction under Section 80HH, relying on established legal precedents. Lastly, the court permitted the allowance of 1/7th of the premium amount payable on debenture redemption after seven years. The appeal was disposed of in favor of the assessee based on these decisions. en-us Mon, 31 Jan 2011 00:00:00 +0530 Thu, 14 May 2015 17:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170016 The court ruled in favor of the assessee on all three issues presented in the case. It held that the sum paid as an incentive to employees should not be added back to the net profits while computing book profit under Section 115J. Additionally, it allowed the deduction under Section 80I without considering the deduction under Section 80HH, relying on established legal precedents. Lastly, the court permitted the allowance of 1/7th of the premium amount payable on debenture redemption after seven years. The appeal was disposed of in favor of the assessee based on these decisions. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170016