https://www.taxtmi.com/caselaws?id=55388 The Tribunal accepted the assessee's claim for relief under Section 80HH, emphasizing that relief should be granted based on the gross income from the undertaking without adjusting for carry forward losses or unabsorbed depreciation. The decision underscored the significance of considering gross income and providing relief accordingly, aligning with the provisions of the Income Tax Act. The Tribunal highlighted that the assessee has the discretion to forgo certain adjustments and that the IT Authorities cannot compel adjustments against the assessee's wishes. en-us Sun, 29 Apr 1979 00:00:00 +0530 Fri, 26 Nov 2010 17:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55388 The Tribunal accepted the assessee's claim for relief under Section 80HH, emphasizing that relief should be granted based on the gross income from the undertaking without adjusting for carry forward losses or unabsorbed depreciation. The decision underscored the significance of considering gross income and providing relief accordingly, aligning with the provisions of the Income Tax Act. The Tribunal highlighted that the assessee has the discretion to forgo certain adjustments and that the IT Authorities cannot compel adjustments against the assessee's wishes. Case-Laws Income Tax Sun, 29 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55388