Deduction under section 80HHC before amendment of Taxation Law is eligible
Last updated: 29 June 2013
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
That on the facts & circumstances of the case of the appellant the order of the Learned CIT(A) in disallowing deduction of Section 80HHC on total sale proceeds of DEPB instead of Profit as mentioned in Section 28(iii) of the Income Tax Act, 1961 is highly undesirable and uncalled for.
Citation :
M/s Riviera Textile Behind Khadi Ashram, Shiv Nagar, Panipat. PAN: AABFDR 5534 R (Appellant) Vs. Income-tax Officer,Ward-2, Panipat. (Respondent)
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CS Bijoy
Published in Income Tax
Views : 3456
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