https://www.taxtmi.com/caselaws?id=32728 The Tribunal's decision to reduce profits by carried forward depreciation and investment allowance before allowing deduction under section 80HHC was upheld. The judgment favored the Revenue, dismissing the appeal. The decision aligned with the apex court's interpretation and emphasized the need to compute gross total income in accordance with the Income-tax Act before granting deductions under Chapter VI-A. The appellant's reliance on other apex court judgments regarding deductions under different sections was deemed insufficient to sway the outcome. en-us Tue, 17 Jun 2008 00:00:00 +0530 Wed, 25 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32728 The Tribunal's decision to reduce profits by carried forward depreciation and investment allowance before allowing deduction under section 80HHC was upheld. The judgment favored the Revenue, dismissing the appeal. The decision aligned with the apex court's interpretation and emphasized the need to compute gross total income in accordance with the Income-tax Act before granting deductions under Chapter VI-A. The appellant's reliance on other apex court judgments regarding deductions under different sections was deemed insufficient to sway the outcome. Case-Laws Income Tax Tue, 17 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32728