1997 (3) TMI 33 - HC - Income Tax

Summary

The High Court of Madras directed the Appellate Tribunal to refer a question of law regarding the carry forward and set off of deduction under section 80HHC of the Income-tax Act, after the deletion of section 80VVA by the Finance Act, 1987. The Tribunal's decision was based on a previous court ruling, but the High Court found that a question of law did arise in this case. The petition was ordered accordingly with no costs.