Case of Shital Fibres Limited vs CIT, SC Judgement Dated 20th May 2025. The apex Court held that if a deduction of profits and gains under Section 80-IA of Income Tax Act is claimed and allowed, the deduction to the extent of such profits and gains in any other provision under the heading ‘C’ is not allowed. Thus combined deductions under sections 80-IA & 80-HHC cannot exceed profits.