{"id":25191,"date":"2022-02-26T13:56:42","date_gmt":"2022-02-26T08:26:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kanam-latex-industries-pvt-ltd-v-cit-2021-439-itr-218-ker-hc\/"},"modified":"2023-02-02T06:06:53","modified_gmt":"2023-02-02T00:36:53","slug":"kanam-latex-industries-pvt-ltd-v-cit-2021-439-itr-218-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kanam-latex-industries-pvt-ltd-v-cit-2021-439-itr-218-ker-hc\/","title":{"rendered":"Kanam Latex Industries Pvt. Ltd. v. CIT (2021) 439 ITR 218 \/(2022) 214 DTR 139\/ 326 CTR 793 (Ker.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Court held that, the provisions are explicit that if any deduction is claimed and allowed under section\u00a080-IA\u00a0as an eligible business, the assessee cannot claim deduction to the extent of such profits and gains coming under other heads of deduction of Chapter VI-A of the Act. Section\u00a080HHC\u00a0which relates to deductions in respect of the profits and gains from export business falls under the heading \u201cC\u201d of Chapter VI-A. There is no ambiguity in section\u00a080-IA(9)\u00a0of the Act. The intention of the Legislature is clear that there cannot be a simultaneous deduction under section\u00a080-IA\u00a0and under section\u00a080HHC. The profits and gains allowed as deduction under section\u00a080-IA\u00a0have to be excluded while computing the deduction under section\u00a080HHC.(AY.2000-01, 2002-03, 2003-04, 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80HHC : Export business-Deduction granted under section 80IB must be excluded. [S. 8IA(9), 80IB]  <\/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-25191","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6yj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25191","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=25191"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25191\/revisions"}],"predecessor-version":[{"id":32390,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25191\/revisions\/32390"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}