https://www.taxtmi.com/caselaws?id=35395 The High Court ruled in favor of the assessee, upholding the Tribunal's decision to allow the deduction under sections 80CCA and 80CCB of the Income-tax Act. The court clarified that the investment need not be directly linked to income chargeable to tax but should be covered by the total income of the assessee for the year. The decision aligned with previous Division Bench rulings and rejected the notion that the investment must exclusively stem from taxable income, emphasizing the sufficiency of the total income covering the investment. en-us Fri, 28 Aug 2009 00:00:00 +0530 Thu, 04 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35395 The High Court ruled in favor of the assessee, upholding the Tribunal's decision to allow the deduction under sections 80CCA and 80CCB of the Income-tax Act. The court clarified that the investment need not be directly linked to income chargeable to tax but should be covered by the total income of the assessee for the year. The decision aligned with previous Division Bench rulings and rejected the notion that the investment must exclusively stem from taxable income, emphasizing the sufficiency of the total income covering the investment. Case-Laws Income Tax Fri, 28 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35395