2010 (11) TMI 1099 - HC - Income Tax

Summary

The High Court of Punjab and Haryana allowed the appeal by the revenue under Section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal. The court ruled in favor of the revenue based on a judgment of the Supreme Court in CIT v. Sterling Foods (1999) 237 ITR 579 regarding the admissibility of deduction under section 80-I on export incentives and cash compensatory assistance.