https://www.taxtmi.com/caselaws?id=251858 Deduction under Section 80-HHC was to be computed at the threshold, using the income forming part of the gross total income, rather than after setting off carried forward losses and depreciation. The analysis applied Section 80B(5), which defines gross total income as income computed before Chapter VI-A deductions, and Section 80AB, which requires deductions to be calculated by reference to income included in gross total income. The use of the expression "total income" in Section 80-HHC was treated as significant, leading to the conclusion that the deduction is allowable before unabsorbed losses and depreciation are applied. en-us Thu, 07 Aug 2014 00:00:00 +0530 Wed, 18 Feb 2015 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251858 Deduction under Section 80-HHC was to be computed at the threshold, using the income forming part of the gross total income, rather than after setting off carried forward losses and depreciation. The analysis applied Section 80B(5), which defines gross total income as income computed before Chapter VI-A deductions, and Section 80AB, which requires deductions to be calculated by reference to income included in gross total income. The use of the expression "total income" in Section 80-HHC was treated as significant, leading to the conclusion that the deduction is allowable before unabsorbed losses and depreciation are applied. Case-Laws Income Tax Thu, 07 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251858