https://www.taxtmi.com/caselaws?id=210744 The High Court held that deductions under Section 35(2) must be allowed before deductions under Section 80HH and Section 80-I in computing business income. The Court reversed the Tribunal's decision, emphasizing the correct sequence for granting deductions under the Income Tax Act. The Assessing Officer was directed to revise the assessments accordingly, highlighting the significance of accurately computing total income and adhering to statutory provisions for deduction calculations. en-us Tue, 19 Oct 2010 00:00:00 +0530 Tue, 21 Feb 2012 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210744 The High Court held that deductions under Section 35(2) must be allowed before deductions under Section 80HH and Section 80-I in computing business income. The Court reversed the Tribunal's decision, emphasizing the correct sequence for granting deductions under the Income Tax Act. The Assessing Officer was directed to revise the assessments accordingly, highlighting the significance of accurately computing total income and adhering to statutory provisions for deduction calculations. Case-Laws Income Tax Tue, 19 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210744