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The High Court of Bombay discharged the rule with costs. The judgment clarified that sections 80K and 80L allow for a straight deduction, different from section 85A. The court found the language of the sections clear and rejected the argument that deductions under section 57(iii) would affect deductions under sections 80K and 80L. Previous court decisions supported this interpretation. The court noted that the submitted argument was not reflected in the question for reference.
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