1990 (1) TMI 31

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....ORNAN J. -The Revenue is the petitioner in these petitions. Common questions arise for consideration in these cases. The Revenue prays for the issue of a certificate to appeal to, the Supreme Court of India against the judgment of this court in I. T. R. No. 125 of 1984 dated June 19, 1989 (Kerala State Industrial Development Corpn. Ltd. v. CIT [1989] 180 ITR 323) and against the common judgment in....

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....tage of the total income arrived at after making the deduction under the said section. The question was answered against the Revenue and in favour of the assessee. This court held that the deduction should be allowed on the total income before deduction of the amount allowable under section 36 ( 1 ) (viii) of the Act. One of the decisions relied on by this court in coming to the aforesaid concl....