https://www.taxtmi.com/caselaws?id=16942 The High Court of Himachal Pradesh affirmed the Tribunal's decision, ruling in favor of the assessee regarding the interpretation of the deduction under section 36(1)(viii) of the Income-tax Act. The court held that the deduction should be allowed based on the total income computed before any deduction under Chapter VI-A and before considering the deduction allowable under section 36(1)(viii) itself. This decision aligned with the views of various other High Courts, confirming that the assessee was entitled to the deduction as per the prescribed percentage of the total income. en-us Wed, 14 May 1997 00:00:00 +0530 Mon, 14 Sep 2009 11:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16942 The High Court of Himachal Pradesh affirmed the Tribunal's decision, ruling in favor of the assessee regarding the interpretation of the deduction under section 36(1)(viii) of the Income-tax Act. The court held that the deduction should be allowed based on the total income computed before any deduction under Chapter VI-A and before considering the deduction allowable under section 36(1)(viii) itself. This decision aligned with the views of various other High Courts, confirming that the assessee was entitled to the deduction as per the prescribed percentage of the total income. Case-Laws Income Tax Wed, 14 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16942