Computation of business income must follow prescribed statutory provisions, with a specific enumerated exception limiting applicability. Computation of income under the head Profits and gains of business or profession is required to follow the detailed rules and adjustments set out in the subsequent operative sections, with a specific enumerated exception narrowing the scope of the prescribed computation regime.
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Provisions expressly mentioned in the judgment/order text.
Computation of business income must follow prescribed statutory provisions, with a specific enumerated exception limiting applicability.
Computation of income under the head Profits and gains of business or profession is required to follow the detailed rules and adjustments set out in the subsequent operative sections, with a specific enumerated exception narrowing the scope of the prescribed computation regime.
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