https://www.taxtmi.com/caselaws?id=364320 The High Court ruled in a case concerning Income Tax appeals for Assessment Year 2001-02. The court decided in favor of the Revenue on the deduction under Section 80HHC, citing precedent. However, the appellant-assessee succeeded in the computation of book profit under Section 115JB due to conflicting court decisions. The court upheld the interest levy under sections 234B, 234C, and 234D against the appellant. Ultimately, the High Court disposed of the appeal, answering the legal questions with mixed outcomes favoring both parties. en-us Thu, 19 Jul 2018 00:00:00 +0530 Thu, 26 Jul 2018 08:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364320 The High Court ruled in a case concerning Income Tax appeals for Assessment Year 2001-02. The court decided in favor of the Revenue on the deduction under Section 80HHC, citing precedent. However, the appellant-assessee succeeded in the computation of book profit under Section 115JB due to conflicting court decisions. The court upheld the interest levy under sections 234B, 234C, and 234D against the appellant. Ultimately, the High Court disposed of the appeal, answering the legal questions with mixed outcomes favoring both parties. Case-Laws Income Tax Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364320