https://www.taxtmi.com/caselaws?id=216354 The High Court held that deductions under Sections 80HH and 80IA should be calculated based on the profits of each priority unit separately. However, the gross total income must include profits and losses from all units. Deductions cannot exceed the gross total income, and if it is nil, no deductions are allowed. The appeals were disposed of accordingly, with no order as to costs. en-us Tue, 28 Aug 2012 00:00:00 +0530 Thu, 06 Sep 2012 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216354 The High Court held that deductions under Sections 80HH and 80IA should be calculated based on the profits of each priority unit separately. However, the gross total income must include profits and losses from all units. Deductions cannot exceed the gross total income, and if it is nil, no deductions are allowed. The appeals were disposed of accordingly, with no order as to costs. Case-Laws Income Tax Tue, 28 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216354