https://www.taxtmi.com/caselaws?id=367896 The High Court partially allowed the appeal, ruling against the assessee on the deduction under Section 80HHC. The issue of excluding gross receipts from business profits was remanded to the Assessing Officer for reconsideration in line with a Supreme Court decision. The Court also directed a fresh consideration of the deduction under Section 40(a)(iia) for wealth tax paid on specific assets. en-us Tue, 11 Sep 2018 00:00:00 +0530 Thu, 27 Sep 2018 06:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367896 The High Court partially allowed the appeal, ruling against the assessee on the deduction under Section 80HHC. The issue of excluding gross receipts from business profits was remanded to the Assessing Officer for reconsideration in line with a Supreme Court decision. The Court also directed a fresh consideration of the deduction under Section 40(a)(iia) for wealth tax paid on specific assets. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367896