2002 (9) TMI 11 - HC - Income Tax

Whether Tribunal was justified in holding that the deduction under section 80-I is to be granted on the gross total income and not on the income reduced by the amount allowed under section 80HH of the Income-tax Act, 1961? Held that deduction under section 80-I is to be allowed on the gross total income and not the balance of the income after deducting the relief under section 80HH. Reverie s appeal dismissed

Summary

The High Court of Madhya Pradesh dismissed an appeal under section 260A of the Income-tax Act, 1961, regarding the deduction under section 80-I to be granted on gross total income, not on income reduced by the amount allowed under section 80HH. The court cited a previous ruling that confirmed the deduction should be on gross total income. No substantial question of law arose for consideration, so the appeal was dismissed.