https://www.taxtmi.com/caselaws?id=269404 The Supreme Court held that the Assessee cannot claim deductions under both Sections 80HHC and 80-IB for the same profits, in line with Section 80-IA(9) to prevent double deductions. The appeals favored the Revenue, overturning the High Court of Karnataka's decision. Justice Misra dissented, advocating for a broader interpretation to prevent redundancy in the statute. The conflicting judgments from different High Courts were resolved, clarifying that deductions under Section 80-IA preclude further deductions under Chapter VIA provisions. The appeals were disposed of without costs. en-us Thu, 10 Dec 2015 00:00:00 +0530 Tue, 03 May 2016 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269404 The Supreme Court held that the Assessee cannot claim deductions under both Sections 80HHC and 80-IB for the same profits, in line with Section 80-IA(9) to prevent double deductions. The appeals favored the Revenue, overturning the High Court of Karnataka's decision. Justice Misra dissented, advocating for a broader interpretation to prevent redundancy in the statute. The conflicting judgments from different High Courts were resolved, clarifying that deductions under Section 80-IA preclude further deductions under Chapter VIA provisions. The appeals were disposed of without costs. Case-Laws Income Tax Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269404