https://www.taxtmi.com/caselaws?id=2246 The High Court of Madras upheld the decisions of the Appellate Tribunal in favor of the assessee, dismissing the Revenue's appeal. The court ruled that the relief claimed under sections 80HHC(3)(a) and 80HHC(3)(b) for the assessment year 1989-90 was valid, emphasizing the company's 100% export-oriented Bangalore unit. Additionally, the court supported the inclusion of interest income in the relief calculation under section 32AB, aligning with the requirements of the Companies Act. en-us Tue, 06 Feb 2007 00:00:00 +0530 Fri, 01 Aug 2008 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2246 The High Court of Madras upheld the decisions of the Appellate Tribunal in favor of the assessee, dismissing the Revenue's appeal. The court ruled that the relief claimed under sections 80HHC(3)(a) and 80HHC(3)(b) for the assessment year 1989-90 was valid, emphasizing the company's 100% export-oriented Bangalore unit. Additionally, the court supported the inclusion of interest income in the relief calculation under section 32AB, aligning with the requirements of the Companies Act. Case-Laws Income Tax Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2246