https://www.taxtmi.com/caselaws?id=5782 Deduction under Chapter VI-A was required to be computed on the net income actually included in the gross total income, not on gross profits. The Court treated section 80AB as declaratory and clarificatory of that scheme and applied it to section 80HH, holding that the qualifying amount for deduction must reflect income after the relevant deductions and adjustments. The earlier view in Cloth Traders was overruled for this purpose, and the assessee could not claim deduction on gross income. The appeals therefore failed and the High Court's view was affirmed. en-us Tue, 15 Feb 2000 00:00:00 +0530 Wed, 08 Oct 2025 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5782 Deduction under Chapter VI-A was required to be computed on the net income actually included in the gross total income, not on gross profits. The Court treated section 80AB as declaratory and clarificatory of that scheme and applied it to section 80HH, holding that the qualifying amount for deduction must reflect income after the relevant deductions and adjustments. The earlier view in Cloth Traders was overruled for this purpose, and the assessee could not claim deduction on gross income. The appeals therefore failed and the High Court's view was affirmed. Case-Laws Income Tax Tue, 15 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5782