https://www.taxtmi.com/acts?id=4280 Deductions specified in sections 80C to 80U under Chapter VI-A are allowed from gross total income subject to the aggregate not exceeding gross total income; deductions claimed and allowed by an association or body preclude the same deduction for its members in respect of their share. Profits or gains claimed under special provisions for undertakings, units or eligible businesses cannot be deducted again under other provisions for the same assessment year, and a deduction must be claimed in the return. Transfers between such undertakings and other businesses are to be treated at market value where recorded consideration does not reflect market value, with "market value" including arm's length price for specified domestic transactions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4280 Deductions specified in sections 80C to 80U under Chapter VI-A are allowed from gross total income subject to the aggregate not exceeding gross total income; deductions claimed and allowed by an association or body preclude the same deduction for its members in respect of their share. Profits or gains claimed under special provisions for undertakings, units or eligible businesses cannot be deducted again under other provisions for the same assessment year, and a deduction must be claimed in the return. Transfers between such undertakings and other businesses are to be treated at market value where recorded consideration does not reflect market value, with "market value" including arm's length price for specified domestic transactions. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4280