https://www.taxtmi.com/caselaws?id=769930 The ITAT Delhi ruled in favor of the assessee regarding deduction under section 80IC. The AO had denied the deduction claiming income was declared under heads other than eligible business income. The CIT(A) had allowed the claim. The ITAT directed the AO to allow section 80IC deduction to the extent of Gross Total Income including income from other sources, following the SC precedent in CIT vs Reliance Energy Ltd. The decision went against the revenue department. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769930 The ITAT Delhi ruled in favor of the assessee regarding deduction under section 80IC. The AO had denied the deduction claiming income was declared under heads other than eligible business income. The CIT(A) had allowed the claim. The ITAT directed the AO to allow section 80IC deduction to the extent of Gross Total Income including income from other sources, following the SC precedent in CIT vs Reliance Energy Ltd. The decision went against the revenue department. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769930