https://www.taxtmi.com/caselaws?id=61766 The Appellate Tribunal ITAT COCHIN ruled on the interpretation of deduction under section 80T of the Income-tax Act, 1961. The dispute centered on whether the exemption under section 54 on capital gains should impact the calculation of the deduction under section 80T. The tribunal held that the amount exempted under section 54 cannot be included in the gross total income for determining the deduction under section 80T. Consequently, the assessee's appeal was dismissed. en-us Mon, 28 Jan 1985 00:00:00 +0530 Fri, 14 Jan 2011 17:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61766 The Appellate Tribunal ITAT COCHIN ruled on the interpretation of deduction under section 80T of the Income-tax Act, 1961. The dispute centered on whether the exemption under section 54 on capital gains should impact the calculation of the deduction under section 80T. The tribunal held that the amount exempted under section 54 cannot be included in the gross total income for determining the deduction under section 80T. Consequently, the assessee's appeal was dismissed. Case-Laws Income Tax Mon, 28 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61766