1996 (2) TMI 103 - HC - Income Tax

Investment Allowance, Question Of Law, Special Deduction, Weighted Deduction, Whether Allowable Deduction

Summary

The High Court of Kerala directed the Income-tax Appellate Tribunal to refer three questions regarding tax benefits for a company engaged in shrimp processing and export to act in accordance with the Income-tax Act, 1961. The questions relate to sections 80HH, 80-I, 32A, and 35B(1)(iv) of the Act. The Tribunal was instructed to refer the questions based on previous court decisions and the need for clarity on the matter.