https://www.taxtmi.com/caselaws?id=332930 The High Court considered various issues related to income tax deductions under different sections of the Income Tax Act. It admitted the tax appeal for consideration of reallocating R&D expenditure for determining profits under section 80IB. However, other issues such as reduction of brought forward depreciation and deduction under section 115JB were dismissed based on previous judgments. The Court rejected the calculation of deduction under section 80HHC without considering section 80IA(9) and granted a fitness certificate for appeal to the Supreme Court regarding the addition of deferred tax provision for calculating profits under section 115JB. en-us Wed, 14 Sep 2016 00:00:00 +0530 Thu, 29 Sep 2016 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332930 The High Court considered various issues related to income tax deductions under different sections of the Income Tax Act. It admitted the tax appeal for consideration of reallocating R&D expenditure for determining profits under section 80IB. However, other issues such as reduction of brought forward depreciation and deduction under section 115JB were dismissed based on previous judgments. The Court rejected the calculation of deduction under section 80HHC without considering section 80IA(9) and granted a fitness certificate for appeal to the Supreme Court regarding the addition of deferred tax provision for calculating profits under section 115JB. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332930