https://www.taxtmi.com/caselaws?id=331128 The Court ruled in favor of the assessee on all issues, affirming that deductions under Section 80HHC should be calculated without excluding profits under Section 80IA, excise duty should be excluded from the closing stock valuation, and claims under Section 80IA should be allowed without reducing deductions under Section 80HHC. The judgment aligned with the precedent set by the Supreme Court and the Gujarat High Court, disposing of the appeals in favor of the assessee. en-us Mon, 01 Aug 2016 00:00:00 +0530 Fri, 12 Aug 2016 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331128 The Court ruled in favor of the assessee on all issues, affirming that deductions under Section 80HHC should be calculated without excluding profits under Section 80IA, excise duty should be excluded from the closing stock valuation, and claims under Section 80IA should be allowed without reducing deductions under Section 80HHC. The judgment aligned with the precedent set by the Supreme Court and the Gujarat High Court, disposing of the appeals in favor of the assessee. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331128