https://www.taxtmi.com/caselaws?id=6560 Section 80AB governs the computation of deduction under section 80HHC because it applies to deductions under Chapter VI-A and section 80HHC contains no overriding language to displace it. The deduction must therefore be computed in accordance with the Act as a whole. Earlier unabsorbed business losses under section 72 must also be set off before determining the profit eligible for export-linked deduction under section 80HHC, since deductible profit must reflect the statutory income computation. The SC accordingly set aside the impugned judgment and held that section 80HHC is controlled by section 80AB, with prior losses required to be adjusted in the computation. en-us Thu, 17 May 2007 00:00:00 +0530 Mon, 15 Sep 2025 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6560 Section 80AB governs the computation of deduction under section 80HHC because it applies to deductions under Chapter VI-A and section 80HHC contains no overriding language to displace it. The deduction must therefore be computed in accordance with the Act as a whole. Earlier unabsorbed business losses under section 72 must also be set off before determining the profit eligible for export-linked deduction under section 80HHC, since deductible profit must reflect the statutory income computation. The SC accordingly set aside the impugned judgment and held that section 80HHC is controlled by section 80AB, with prior losses required to be adjusted in the computation. Case-Laws Income Tax Thu, 17 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6560