1988 (11) TMI 36 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled that deductions admissible as donations under section 80G of the Income-tax Act, 1961, could not be considered as sums 'not includible' in income for Income-tax assessments. The court referred to previous decisions and answered the question in favor of the assessee, following the precedent set in Avery Cycle Industries Private Ltd.'s case [1989] 178 ITR 173.