2022 (10) TMI 615 - SCH - Income Tax

Deduction u/s 80HHC - E.duty scrap sales recoveries of rent and other income and service charges not consider but unabsorbed losses consider for the purpose of deduction u/s 80HHC - depreciation on vehicles allowable - Amount of premium on redemption of debenture is spread over and part is deductible in relevant year - HELD THAT - The issue raised in the present appeal by the appellant-assessee is covered against them vide the judgment of this Court in Commissioner of Income Tax Pune vs. Shirke Construction Equipment Ltd. 2007 (5) TMI 194 - SUPREME COURT Recording the same the appeal is dismissed without any order as to costs

Summary

The Supreme Court dismissed the appeal by the appellant-assessee as the issue raised was covered against them by a previous judgment. The case citation is 2022 (10) TMI 615 - SC.