https://www.taxtmi.com/caselaws?id=10292 A company claiming deductions under sections 80HH and 80-I of the Income-tax Act, 1961 is not required to maintain or produce separate audited accounts where the statute does not expressly impose that condition. The Court followed earlier Division Bench authority and held that the proviso to section 80-I(1) was inapplicable in the relevant company-assessee context. On that basis, the Commissioner's interference under section 263 lacked a valid foundation and could not be sustained. Both referred questions were answered in favour of the assessee, and the Revenue's objection to the deduction claim failed. en-us Thu, 06 Jun 2002 00:00:00 +0530 Mon, 13 Jul 2009 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10292 A company claiming deductions under sections 80HH and 80-I of the Income-tax Act, 1961 is not required to maintain or produce separate audited accounts where the statute does not expressly impose that condition. The Court followed earlier Division Bench authority and held that the proviso to section 80-I(1) was inapplicable in the relevant company-assessee context. On that basis, the Commissioner's interference under section 263 lacked a valid foundation and could not be sustained. Both referred questions were answered in favour of the assessee, and the Revenue's objection to the deduction claim failed. Case-Laws Income Tax Thu, 06 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10292