s. 80HHC versus s. 80-IA

[patil]

There is a controversy whether the deduction allowed u/s 80-HHC has to be reduced from the deduction allowable under s. 80-IA. There was a special bench on the issue in M/s Rogini Garments
(see http://www.itatonline.org/special_bench_matters.php). Is anybody aware whether that matter has been heard or not? Any other decisions on the issue?

[admin]

The decision of the Chennai Special Bench in ACIT vs. Rogini Garments is available here:

http://www.itatonline.org/pdf/rogini_garments_80HH_80IA_special_bench.pdf

It has been held that relief under section 80-IA should be deducted from profits and gains of business before computing relief under section 80-HHC of the Act.

Admin