Itta/98/2003 Of Commissioner Ofincome Tax- (Central) v. M/Soil Country Tubular Limited
High Court
09 Sep 2014 In favour of: Unclear
Forum / Bench
High Court · taphc
Parties
Itta/98/2003 Of Commissioner Ofincome Tax- (Central) v. M/Soil Country Tubular Limited
Date of order
09 Sep 2014
Assessment year(s)
—
Outcome
Other
Case summary
In Itta/98/2003 Of Commissioner Ofincome Tax- (Central) v. M/Soil Country Tubular Limited, the High Court (2014) decided the matter.
Decision: Following the same, we dismiss the appeal.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY
AND
THE HON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A.No.98 of 2003
JUDGMENT:(Per the Hon’ble Sri Justice L.Narasimha Reddy)
The question that arises for consideration in this appeal is asto, whether the amount representing profits from export, referable toSection 80-HHC of the Income Tax Act, must be deducted from thetotal income at the first instance, or after the unabsorbed loss orcarried forward depreciation, are set off.
This very question was dealt with by us in I.T.T.A.No.3 of2002, and we answered the same in favour of the assessee.
Following the same, we dismiss the appeal. There shall be noorder as to costs.
The miscellaneous petition filed in this appeal shall alsostand disposed of.
____________________
L.NARASIMHA REDDY, J.
_____________________
CHALLA KODANDA RAM, J.
Date:09.09.2014
GJ
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