https://www.taxtmi.com/caselaws?id=34243 The appeal involved the computation of deductions under section 80HHC for the assessment year 1996-97. The dispute revolved around whether the assessee's losses from previous years should be set off when calculating deductions under section 80HHC. The Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal ruled in favor of the assessee, allowing the losses from earlier years to be considered for deductions under section 80HHC. The High Court directed the Assessing Officer to compute deductions in accordance with Supreme Court guidelines, overturning the Tribunal's decision and ruling in favor of the assessee. en-us Tue, 22 Jul 2008 00:00:00 +0530 Thu, 30 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34243 The appeal involved the computation of deductions under section 80HHC for the assessment year 1996-97. The dispute revolved around whether the assessee's losses from previous years should be set off when calculating deductions under section 80HHC. The Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal ruled in favor of the assessee, allowing the losses from earlier years to be considered for deductions under section 80HHC. The High Court directed the Assessing Officer to compute deductions in accordance with Supreme Court guidelines, overturning the Tribunal's decision and ruling in favor of the assessee. Case-Laws Income Tax Tue, 22 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34243