https://www.taxtmi.com/caselaws?id=71806 Section 37(2A) was to be applied by computing the prescribed limits on profits and gains of business or profession before giving effect to investment allowance under section 32A. The provision was read as requiring the disallowance base to be determined on pre-section 32A business profits, and the commentary treated that construction as clear and consistent with the statutory text. The resulting effect was that the deduction under section 37(2A) had to be recomputed on that basis. en-us Tue, 01 Dec 1992 00:00:00 +0530 Wed, 27 Apr 2011 11:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71806 Section 37(2A) was to be applied by computing the prescribed limits on profits and gains of business or profession before giving effect to investment allowance under section 32A. The provision was read as requiring the disallowance base to be determined on pre-section 32A business profits, and the commentary treated that construction as clear and consistent with the statutory text. The resulting effect was that the deduction under section 37(2A) had to be recomputed on that basis. Case-Laws Income Tax Tue, 01 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71806