https://www.taxtmi.com/caselaws?id=118019 The Tribunal partially allowed the appeal, ruling that unabsorbed depreciation should be deducted when computing business profits for section 80HHE, but brought forward business losses should not be deducted. Additionally, the profit under section 41(1) should be included in eligible business profits for the deduction under section 80HHE. The eligible profit for deduction was determined to be Rs. 72,78,339, not Rs. 35,15,070 as initially calculated by the Assessing Officer. en-us Wed, 28 Jul 2004 00:00:00 +0530 Wed, 27 Jun 2012 18:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118019 The Tribunal partially allowed the appeal, ruling that unabsorbed depreciation should be deducted when computing business profits for section 80HHE, but brought forward business losses should not be deducted. Additionally, the profit under section 41(1) should be included in eligible business profits for the deduction under section 80HHE. The eligible profit for deduction was determined to be Rs. 72,78,339, not Rs. 35,15,070 as initially calculated by the Assessing Officer. Case-Laws Income Tax Wed, 28 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118019