High Court of Bombay at Goa Allows Appeal in Income Tax Deduction Case Under Section 80HHC — Assessing Officer Cannot Restrict Deduction Below Computed Amount Once Quantum Is Determined. The court held that the deduction under Section 80HHC must be allowed as computed by the Assessing Officer, not restricted to business profits.
22 Apr 2015The appeal was filed by V. M. Salgaocar & Brother Pvt. Ltd., a company engaged in the business of export of processed iron ore, against the order of t...






