https://www.taxtmi.com/caselaws?id=277265 The court ruled in favor of the appellant, a company seeking deductions under sections 80IB and 80HHC of the Income Tax Act for income from exporting readymade garments. The Assessing Officer disallowed the deductions, leading to a legal challenge. The court upheld the appellant's claim, emphasizing the independent computation of deductions under the mentioned sections on gross total income without reducing balances from other deductions. Relying on a Supreme Court decision and existing legal precedents, the court allowed the appeal in favor of the assessee, resolving the matter unless referred to a larger bench. en-us Wed, 31 May 2017 00:00:00 +0530 Fri, 30 Nov 2018 06:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277265 The court ruled in favor of the appellant, a company seeking deductions under sections 80IB and 80HHC of the Income Tax Act for income from exporting readymade garments. The Assessing Officer disallowed the deductions, leading to a legal challenge. The court upheld the appellant's claim, emphasizing the independent computation of deductions under the mentioned sections on gross total income without reducing balances from other deductions. Relying on a Supreme Court decision and existing legal precedents, the court allowed the appeal in favor of the assessee, resolving the matter unless referred to a larger bench. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277265