https://www.taxtmi.com/caselaws?id=10998 The High Court addressed issues regarding the computation and claim of deduction under section 80HHC. It ruled in favor of the Department, citing the Supreme Court's decision in IPCA Laboratory Ltd. v. Deputy CIT. The court emphasized that profits and losses from self-manufactured and trading goods must be considered for deduction eligibility. It set aside the Tribunal's order, directing the Commissioner of Income-tax (Appeals) to compute profits in accordance with the law and established principles. The court underscored the importance of adhering to legal provisions and judicial precedents in determining deduction eligibility. en-us Wed, 02 Jun 2004 00:00:00 +0530 Wed, 29 Jul 2009 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10998 The High Court addressed issues regarding the computation and claim of deduction under section 80HHC. It ruled in favor of the Department, citing the Supreme Court's decision in IPCA Laboratory Ltd. v. Deputy CIT. The court emphasized that profits and losses from self-manufactured and trading goods must be considered for deduction eligibility. It set aside the Tribunal's order, directing the Commissioner of Income-tax (Appeals) to compute profits in accordance with the law and established principles. The court underscored the importance of adhering to legal provisions and judicial precedents in determining deduction eligibility. Case-Laws Income Tax Wed, 02 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10998