https://www.taxtmi.com/caselaws?id=415798 The Court ruled in favor of the assessee in an appeal by the Revenue regarding the eligibility of profits and deductibility under Section 115JB of the Income Tax Act. The Court held that the assessee was entitled to claim deduction under Section 80HHC based on established principles from relevant judgments. Additionally, the Court determined the percentage of depreciation on commercial vehicles in favor of the assessee, upholding the Tribunal's decision and dismissing the Revenue's appeal. en-us Thu, 15 Jul 2021 00:00:00 +0530 Mon, 13 Dec 2021 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415798 The Court ruled in favor of the assessee in an appeal by the Revenue regarding the eligibility of profits and deductibility under Section 115JB of the Income Tax Act. The Court held that the assessee was entitled to claim deduction under Section 80HHC based on established principles from relevant judgments. Additionally, the Court determined the percentage of depreciation on commercial vehicles in favor of the assessee, upholding the Tribunal's decision and dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415798