https://www.taxtmi.com/caselaws?id=284897 The High Court affirmed the Tribunal's decision, ruling in favor of the revenue authority in a case concerning the correct interpretation and application of sections 80VVA, 80HHC, and 80A(2) of the Income-tax Act, 1961. The dispute revolved around the computation of deductions under Chapter VIA for an assessee-company, particularly regarding the restriction imposed by section 80VVA on deductions for companies. The court clarified that only the unabsorbed deduction amount of Rs. 91,822 could be carried forward, in line with statutory provisions, ultimately upholding the revenue authority's position. en-us Thu, 29 Jul 1993 00:00:00 +0530 Mon, 16 Dec 2019 12:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284897 The High Court affirmed the Tribunal's decision, ruling in favor of the revenue authority in a case concerning the correct interpretation and application of sections 80VVA, 80HHC, and 80A(2) of the Income-tax Act, 1961. The dispute revolved around the computation of deductions under Chapter VIA for an assessee-company, particularly regarding the restriction imposed by section 80VVA on deductions for companies. The court clarified that only the unabsorbed deduction amount of Rs. 91,822 could be carried forward, in line with statutory provisions, ultimately upholding the revenue authority's position. Case-Laws Income Tax Thu, 29 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284897