2006 (4) TMI 75

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....come-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 Products P. Ltd. v. CIT reported in [1998] 2....

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....n 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 664 (MP) ; CIT v. S. B. Oil Industries....