LAWS(MAD)-2008-3-367

SCM CREATIONS Vs. ASSISTANT COMMISSIONER OF INCOME TAX

Decided On March 06, 2008
Scm Creations Appellant
V/S
ASSISTANT COMMISSIONER OF INCOME TAX Respondents

JUDGEMENT

(1.) THE two appeals are filed by the assessee relating to the asst. year. 2002 -03 and 2003 -04. The assessee is a partnership firm engaged in the business of manufacture and export of hosiery garments.

(2.) THE issue involved in these two appeals are whether the relief under Section 80 -IA should be deducted from profits and gains of business before computing relief under Section 80HHC.

(3.) FOLLOWING the same, the appeals are allowed to the extent indicated above. Consequently, connected miscellaneous petitions are closed. No costs.