https://www.taxtmi.com/caselaws?id=119139 The case involved a dispute over the computation of deduction under section 80-O of the Income-tax Act, 1961. The court ruled in favor of the assessee, allowing the full claimed deduction amount of Rs. 1,19,07,992 without restricting it to the business income. The court held that deductions under Chapter VI-A should be allowed from the gross total income and are not limited to specific heads of income. The application of sections 80AA and 80AB was also considered, with the court concluding that section 80AB does not restrict the deduction under section 80-O to the business income, directing the Assessing Officer to allow the full deduction amount. en-us Mon, 03 Jan 2005 00:00:00 +0530 Mon, 09 Jul 2012 12:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119139 The case involved a dispute over the computation of deduction under section 80-O of the Income-tax Act, 1961. The court ruled in favor of the assessee, allowing the full claimed deduction amount of Rs. 1,19,07,992 without restricting it to the business income. The court held that deductions under Chapter VI-A should be allowed from the gross total income and are not limited to specific heads of income. The application of sections 80AA and 80AB was also considered, with the court concluding that section 80AB does not restrict the deduction under section 80-O to the business income, directing the Assessing Officer to allow the full deduction amount. Case-Laws Income Tax Mon, 03 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119139