https://www.taxtmi.com/caselaws?id=31157 The High Court dismissed the revenue's appeals regarding the deduction under Section 80HHC for the assessment year 1994-95. The Court held that the Assessing Officer's decision, although resulting in a loss of revenue, was not prejudicial as it was not erroneous. The Court emphasized the importance of considering the legal framework and interpretations existing at the time of assessment, ultimately following established legal principles and dismissing the appeals. en-us Wed, 26 Mar 2008 00:00:00 +0530 Mon, 20 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31157 The High Court dismissed the revenue's appeals regarding the deduction under Section 80HHC for the assessment year 1994-95. The Court held that the Assessing Officer's decision, although resulting in a loss of revenue, was not prejudicial as it was not erroneous. The Court emphasized the importance of considering the legal framework and interpretations existing at the time of assessment, ultimately following established legal principles and dismissing the appeals. Case-Laws Income Tax Wed, 26 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31157