2006 (4) TMI 75

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....ther sections 80HH and 80-I of the Income-tax Act, 1961, are independent of each other and therefore a new industrial unit can claim deductions under both the sections on the gross total income independently or that deduction under section 80-I can be taken on the reduced balance after taking into account the benefit taken under section 80HH. The Madhya Pradesh High Court in J. P. Tobacco Produ....

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....e Department has accepted the view taken in these judgments. CIT v. Nima Specific Family Trust reported in [2001] 248 ITR 29 (Bom) ; CIT v. Chokshi Contacts P. Ltd. [2001] 251 ITR 587 (Raj) ; CIT v. Amod Stamping [2005] 274 ITR 176 (Guj) ; CIT v. Mittal Appliances P. Ltd. [2004] 270 ITR 65 (MP) ; CIT v. Rochiram and Sons [2004] 271 ITR 444 (Raj) ; CIT v. Prakash Chandra Basant Kumar [2005] 276 ITR....