https://www.taxtmi.com/caselaws?id=10572 The High Court of ALLAHABAD ruled in favor of the Revenue, holding that no deduction under section 80HH of the Income-tax Act was admissible to the respondent company. The court emphasized the importance of computing gross total income after considering set off losses from previous years before allowing deductions. This decision clarified the criteria for claiming deductions under section 80HH and highlighted the necessity of assessing the overall financial position to determine eligibility for deductions under the Act. en-us Tue, 14 Dec 2004 00:00:00 +0530 Sat, 18 Jul 2009 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10572 The High Court of ALLAHABAD ruled in favor of the Revenue, holding that no deduction under section 80HH of the Income-tax Act was admissible to the respondent company. The court emphasized the importance of computing gross total income after considering set off losses from previous years before allowing deductions. This decision clarified the criteria for claiming deductions under section 80HH and highlighted the necessity of assessing the overall financial position to determine eligibility for deductions under the Act. Case-Laws Income Tax Tue, 14 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10572