https://www.taxtmi.com/forum/issue?id=588 The deduction is available only for the eligible business under the statute; the assessing officer has power to compute profit of the eligible business and to exclude income of an ineligible business, so trading receipts from equipment may be excluded from the deduction. en-us Tue, 27 Nov 2007 14:40:51 +0530 Thu, 23 Jan 2025 15:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=588 The deduction is available only for the eligible business under the statute; the assessing officer has power to compute profit of the eligible business and to exclude income of an ineligible business, so trading receipts from equipment may be excluded from the deduction. Discussion-Forum Income Tax Tue, 27 Nov 2007 14:40:51 +0530 https://www.taxtmi.com/forum/issue?id=588