https://www.taxtmi.com/caselaws?id=284699 The High Court of Bombay dismissed the appeal challenging the Income Tax Appeal Tribunal's order under Section 260-A of the Income Tax Act, 1961. The issue revolved around the computation of deduction under Section 80 HHC for the assessment year 1996-1997, specifically regarding the exclusion of certain charges from the net profit. Relying on the Supreme Court decision in ACG Associated Capsules (P) Ltd. vs. Commissioner of Income Tax, the High Court ruled in favor of the respondent-assessee, emphasizing the consistent application of tax laws and statutory provisions. The appeal was dismissed with no costs imposed. en-us Thu, 07 May 2015 00:00:00 +0530 Tue, 21 Jan 2020 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284699 The High Court of Bombay dismissed the appeal challenging the Income Tax Appeal Tribunal's order under Section 260-A of the Income Tax Act, 1961. The issue revolved around the computation of deduction under Section 80 HHC for the assessment year 1996-1997, specifically regarding the exclusion of certain charges from the net profit. Relying on the Supreme Court decision in ACG Associated Capsules (P) Ltd. vs. Commissioner of Income Tax, the High Court ruled in favor of the respondent-assessee, emphasizing the consistent application of tax laws and statutory provisions. The appeal was dismissed with no costs imposed. Case-Laws Income Tax Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284699