2023 (1) TMI 1020 - SCH - Income Tax

Deduction u/s 80HHC be allowed without reducing therefrom deduction u/s 80IB - HC held that if an assessee has claimed deduction of profit or gains under Section 80IB, deduction to that extent is not to be allowed under Section 80HHC - AO has been rightly directed to recompute the total income of the assessee keeping in view provisions of Section 80IB(13) read with Section 80IA(9) - HELD THAT - No interference of this Court is called for in exercise of powers under Article 136 of the Constitution of India. The Special Leave Petitions stand dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions, stating that no interference of the Court is necessary under Article 136 of the Constitution of India.