M/S KAKKAR COMPLEX STEELS (P) LTDE vs. THE COMMISSIONER OF IT

Appeal is allowed and

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

46,555/- and Rs.9,33,194/- respectively. Keeping in view that the losses of earlier years had to be set off while calculating the benefit of exemption, the excessive deductions claimed under Sections 80HH and 80I were accordingly added to the income of the assessee in a sum of Rs.1,40,869/- and Rs.1,76,086/- (total Rs.3