KARIMJEE PVT. LTD. vs DEPUTY COMMNR. OF INCOME TAX . — C.A. No. 5692/2002

SUMMARY On September 9, 2002, the Supreme Court allowed Karimjee Pvt. Ltd.'s civil appeal against the Deputy Commissioner of Income Tax. The assessee had been denied a deduction under Section 80-HHC of the Income Tax Act solely due to non-compliance with the second proviso. During hearing, the Court permitted the assessee to cure this defect by debiting the claimed deduction amount from the profit and loss account (AY 1987-88) and crediting it to a reserve account for business use. Upon compliance, the order under challenge was set aside, and the assessee was held entitled to the Section 80-HHC deduction for Accounting Year 1986-87. No costs awarded. This case analysis is maintained by casestatus.in based on publicly available court records.