https://www.taxtmi.com/caselaws?id=182542 The court held that the Assessing Officer was not justified in restricting the deduction under Section 80HHC to Rs. 17,40,33,719/- and ruled that the deduction should be based on the gross total income of Rs. 19,78,94,900/-. The court emphasized that the deduction should not be restricted to business profits but should be based on the gross total income as defined in the Income Tax Act. The appeal was decided in favor of the appellant, and the impugned orders were modified accordingly, with no costs awarded. en-us Wed, 22 Apr 2015 00:00:00 +0530 Thu, 12 May 2016 23:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182542 The court held that the Assessing Officer was not justified in restricting the deduction under Section 80HHC to Rs. 17,40,33,719/- and ruled that the deduction should be based on the gross total income of Rs. 19,78,94,900/-. The court emphasized that the deduction should not be restricted to business profits but should be based on the gross total income as defined in the Income Tax Act. The appeal was decided in favor of the appellant, and the impugned orders were modified accordingly, with no costs awarded. Case-Laws Income Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182542