The Madras High Court held that taxable income was not properly computed where deduction under Section 80IB was reduced before calculating Section 80HHC relief. The matter was remanded for fresh assessment in line with the Supreme Court ruling in Shital Fibers Ltd.
The post Madras HC Remands Matter on Sequential Deduction Under Sections 80IB & 80HHC Following SC Ruling appeared first on TaxGuru.
