1999 (10) TMI 26 - HC - Income Tax

Summary

The High Court of Kerala ruled that the direction given by the Tribunal for working out the entitlement of the assessee under sections 80HH, 80-I, and 80J of the Income-tax Act, 1961 was contrary to the law as settled by the apex court. The court found that the activities carried out by the assessee were similar to those in a previous case before the apex court, and therefore, the direction given was against the principles laid down by the apex court. The decision favored the Revenue and was against the assessee.