https://www.taxtmi.com/caselaws?id=2088 The court held that unabsorbed business losses, depreciation, and investment allowance must be considered in computing income for section 80HHC deduction. The court ruled in favor of the Revenue, stating these amounts should not be excluded before granting the deduction. The decision overturned the Appellate Tribunal's ruling, answering both issues negatively against the assessee and in favor of the Revenue. en-us Mon, 26 Feb 2007 00:00:00 +0530 Fri, 01 Aug 2008 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2088 The court held that unabsorbed business losses, depreciation, and investment allowance must be considered in computing income for section 80HHC deduction. The court ruled in favor of the Revenue, stating these amounts should not be excluded before granting the deduction. The decision overturned the Appellate Tribunal's ruling, answering both issues negatively against the assessee and in favor of the Revenue. Case-Laws Income Tax Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2088