M/S. TATA ELXSI LIMITED,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, CIRCLE-7(1)(1), BANGALORE

80M are\nnot similar. It has been further held that reading of Sec.80HH along with Sec.80A\nwould clearly signify that the deduction u/s 80HH has to be of the gross\nprofits and gains, i.e., before computing the income as specified in Section 30 to 43D\nof the Act.\nIt is in this background that the Appellant has preferred the ground

METAL CLOSURES PVT LTD,BANGALORE vs. ACIT, CIRCLE 4(1)(2), BANGALORE, BANGALORE

In the result, the appeal of the Revenue is treated as allowed for statistical purpose

Bench: Shri Chandra Poojari & Shri Prakash Chand Yadavassessment Year: 2014-15

80M.) 3.5 For the above reasons, he submitted that the impugned additions made by the Ld. AO are liable to be deleted and do not stand the test of law. 4. The ld. D.R. submitted that assessee has raised ground before ld. CIT(A) that it should be bad debt allowable u/s 36(1)(vii) r.w.s