2023 (9) TMI 984

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....Standing Counsel For the Respondent : Mr.Vikram Vijayaraghavan JUDGMENT R. MAHADEVAN, J. This Tax Case Appeal is filed by the Revenue against the order dated 14.03.2012 passed by the Income Tax Appellate Tribunal, 'C' Bench, Chennai, in I.T.A.No.1581/Mds/2011, relating to the Assessment Year 2002- 03, raising the following substantial question of law: "Whether under th....

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....eduction under section 80IA should not be deducted from the profits and gains of business before computing deduction under Section 80HHC? 2. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that business profits as per Explanation (baa) of Section 80HHC of the Act is to include deduction already allowed under Section 80IB? 3. Whether on....

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....'ble Supreme Court. We are also informed that, identical issue has been referred for consideration of the Hon'ble Full Bench of this Court in T.C.A.No.1195 of 2009, which was last listed before the Hon'ble Full Bench during March, 2015, and the matter is still pending. 6. In any event, the decision of the Hon'ble Supreme Court has to be awaited and therefore, we are of the....