1990 (5) TMI 32

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....writ petition is to the validity of section 80HHB of the Income-tax Act as being violative of articles 14 and 19(1) of the Constitution. The case was listed for hearing along with Income-tax References Nos. 110 to 112 of 1987 (Continental Construction Ltd. v. CIT [1990] 185 ITR 178 (Delhi)), wherein the question which arose was whether the petitioner was entitled to the benefits of section 80-0 o....

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.... the provisions of section 80HHB(3). According to the petitioner, the conditions prescribed under section 80HHB(3) were not complied with because till the introduction of section 80HHB in the Income-tax Act, the petitioner was getting the benefit of section 80-0 in terms of such types of agreements. The petitioner, therefore, did not create reserve accounts as contemplated by section 80HHB(3) thou....