https://www.taxtmi.com/caselaws?id=62938 The case involved issues regarding eligibility for deduction under section 32AB, computation of profits for the eligible business, and inclusion of non-assessable profits in eligible business profits. The Third Member determined that profits from the sale of capital assets and immovable property should not be included in the eligible business profits. The correct business profit eligible for deduction was calculated at Rs. 72,667, leading to an allowable deduction of Rs. 14,533 under section 32AB. The matter was referred to the Division Bench for resolution in line with this decision. en-us Mon, 04 Dec 1995 00:00:00 +0530 Mon, 24 Jan 2011 18:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62938 The case involved issues regarding eligibility for deduction under section 32AB, computation of profits for the eligible business, and inclusion of non-assessable profits in eligible business profits. The Third Member determined that profits from the sale of capital assets and immovable property should not be included in the eligible business profits. The correct business profit eligible for deduction was calculated at Rs. 72,667, leading to an allowable deduction of Rs. 14,533 under section 32AB. The matter was referred to the Division Bench for resolution in line with this decision. Case-Laws Income Tax Mon, 04 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62938