https://www.taxtmi.com/caselaws?id=417327 The High Court allowed the Tax Case Appeal, setting aside the Income Tax Appellate Tribunal's order for the assessment year 2002-03. The Court favored the Assessee, following a Supreme Court judgment, by excluding certain items like interest and rent from business profits for computing deductions under Section 80HHC of the Income Tax Act. The second substantial question of law was left open for future consideration. Justice R. Mahadevan delivered the judgment, providing clarity on the treatment of specific receipts in computing deductions under Section 80HHC, ensuring consistency with legal provisions. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 20 Jan 2022 08:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417327 The High Court allowed the Tax Case Appeal, setting aside the Income Tax Appellate Tribunal's order for the assessment year 2002-03. The Court favored the Assessee, following a Supreme Court judgment, by excluding certain items like interest and rent from business profits for computing deductions under Section 80HHC of the Income Tax Act. The second substantial question of law was left open for future consideration. Justice R. Mahadevan delivered the judgment, providing clarity on the treatment of specific receipts in computing deductions under Section 80HHC, ensuring consistency with legal provisions. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417327