https://www.taxtmi.com/caselaws?id=33654 The High Court allowed the investment deduction for machinery used in washing soap production, interpreting the Eleventh Schedule to differentiate between soap for personal use and washing soap. Regarding the sequence of deductions under sections 80HH and 32A/32AB, the Court ruled that the deduction under section 32A/32AB should precede that under section 80HH, aligning with the explicit provisions of the Income-tax Act. The judgment emphasized adherence to statutory provisions and clarified the interpretation of relevant sections, resolving both issues in favor of the assessee. en-us Wed, 22 Nov 2006 00:00:00 +0530 Sun, 06 Feb 2011 05:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33654 The High Court allowed the investment deduction for machinery used in washing soap production, interpreting the Eleventh Schedule to differentiate between soap for personal use and washing soap. Regarding the sequence of deductions under sections 80HH and 32A/32AB, the Court ruled that the deduction under section 32A/32AB should precede that under section 80HH, aligning with the explicit provisions of the Income-tax Act. The judgment emphasized adherence to statutory provisions and clarified the interpretation of relevant sections, resolving both issues in favor of the assessee. Case-Laws Income Tax Wed, 22 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33654