{"id":15651,"date":"2021-03-11T15:16:23","date_gmt":"2021-03-11T09:46:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-3\/"},"modified":"2021-03-11T15:16:23","modified_gmt":"2021-03-11T09:46:23","slug":"cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-abb-ltd-2020429-itr-355-karn-hc-3\/","title":{"rendered":"CIT (LTU) v. ABB Ltd. (2020)429 ITR 355 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal was right in holding that other income had to be reduced by 90 per cent. of such net income when computing profits of business for the purpose of allowing deduction under section\u00a080HHC. Followed ACG Associated Capsules (P.) Ltd. v. CIT\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2012%5d%20343%20ITR%200089\">[2012] 343 ITR 89<\/a>\u00a0(SC)\u00a0 (AY.1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC : Export business-Deduction to be computed on ninety per cent. of net income of other income and not gross income.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15651","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-44r","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15651"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15651\/revisions"}],"predecessor-version":[{"id":15652,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15651\/revisions\/15652"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}