https://www.taxtmi.com/caselaws?id=13714 The High Court of Allahabad ruled in favor of the respondent-assessee, a Government corporation, in a case concerning the interpretation of deduction under section 36(1)(viii) of the Income-tax Act, 1961 for the assessment years 1983-84 and 1984-85. The court held that the deduction under section 36(1)(viii) should be calculated with reference to the total income computed before making any deduction under the same section of the Act, in line with the decision in CIT v. Kerala State Industrial Development Corporation [1998] 233 ITR 197. The court's decision favored the assessee and dismissed the Departmental appeals. en-us Fri, 29 Apr 2005 00:00:00 +0530 Fri, 12 Jul 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13714 The High Court of Allahabad ruled in favor of the respondent-assessee, a Government corporation, in a case concerning the interpretation of deduction under section 36(1)(viii) of the Income-tax Act, 1961 for the assessment years 1983-84 and 1984-85. The court held that the deduction under section 36(1)(viii) should be calculated with reference to the total income computed before making any deduction under the same section of the Act, in line with the decision in CIT v. Kerala State Industrial Development Corporation [1998] 233 ITR 197. The court's decision favored the assessee and dismissed the Departmental appeals. Case-Laws Income Tax Fri, 29 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13714