https://www.taxtmi.com/caselaws?id=120520 A section 10B deduction is computed from total income, so loss of an eligible unit can be set off against other income under sections 70 and 71 because the provision does not expressly bar those general set-off rules. Interest income was treated as business income but not as income derived from the eligible unit; training fees were regarded as unit-linked and eligible; and profit from sale and purchase of software was not shown to be derived from export production and was excluded from relief. The disallowance under section 35D and the book profit computation under section 115JB were both remitted for fresh consideration because the factual and statutory adjustments required proper re-examination. en-us Wed, 14 May 2008 00:00:00 +0530 Tue, 12 Dec 2023 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120520 A section 10B deduction is computed from total income, so loss of an eligible unit can be set off against other income under sections 70 and 71 because the provision does not expressly bar those general set-off rules. Interest income was treated as business income but not as income derived from the eligible unit; training fees were regarded as unit-linked and eligible; and profit from sale and purchase of software was not shown to be derived from export production and was excluded from relief. The disallowance under section 35D and the book profit computation under section 115JB were both remitted for fresh consideration because the factual and statutory adjustments required proper re-examination. Case-Laws Income Tax Wed, 14 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120520