https://www.taxtmi.com/caselaws?id=192464 The court ruled in favor of the revenue and against the assessee, disposing of the appeals. It decided that deductions under sections 80IB and 80HHC should not be computed independently, ensuring that the total deduction does not exceed the eligible profit. The court emphasized the importance of applying subsection (9) of section 80IA to prevent excessive claims and aligned its decision with the interpretation in Commissioner of Income Tax v. Atul Intermediates. The Tribunal's reliance on a previous case was deemed incorrect, and the court emphasized adherence to legislative intent and statutory provisions in computing deductions. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 02 Jun 2017 10:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192464 The court ruled in favor of the revenue and against the assessee, disposing of the appeals. It decided that deductions under sections 80IB and 80HHC should not be computed independently, ensuring that the total deduction does not exceed the eligible profit. The court emphasized the importance of applying subsection (9) of section 80IA to prevent excessive claims and aligned its decision with the interpretation in Commissioner of Income Tax v. Atul Intermediates. The Tribunal's reliance on a previous case was deemed incorrect, and the court emphasized adherence to legislative intent and statutory provisions in computing deductions. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192464