https://www.taxtmi.com/caselaws?id=16235 The High Court clarified that deductions under section 80HHC are to be allowed first before computing total income, distinguishing it from section 80HH. It rejected the Revenue's argument to deduct losses and depreciation before allowing deductions under section 80HHC, emphasizing the specific provisions of the Income-tax Act. The court concluded that the conflicting decisions from different High Courts regarding deductions under section 80HH are not directly applicable to section 80HHC. The court dismissed the income-tax case without costs, as the questions raised for reference were deemed inapplicable to the case. en-us Fri, 16 Oct 1998 00:00:00 +0530 Fri, 04 Sep 2009 16:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16235 The High Court clarified that deductions under section 80HHC are to be allowed first before computing total income, distinguishing it from section 80HH. It rejected the Revenue's argument to deduct losses and depreciation before allowing deductions under section 80HHC, emphasizing the specific provisions of the Income-tax Act. The court concluded that the conflicting decisions from different High Courts regarding deductions under section 80HH are not directly applicable to section 80HHC. The court dismissed the income-tax case without costs, as the questions raised for reference were deemed inapplicable to the case. Case-Laws Income Tax Fri, 16 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16235