https://www.taxtmi.com/caselaws?id=359015 Section 80IC deduction for an eligible undertaking should be computed from separately maintained accounts and eligible profits, excluding ineligible income where applicable. An ad hoc restriction based solely on comparative profitability is unsupported without evidence of expense shifting, manipulation, or defects in the unit's books. Where an expenditure disallowance relates to the eligible business, the resulting increase in business profits correspondingly increases the profit base eligible for Chapter VI-A deduction. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 23 Apr 2018 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359015 Section 80IC deduction for an eligible undertaking should be computed from separately maintained accounts and eligible profits, excluding ineligible income where applicable. An ad hoc restriction based solely on comparative profitability is unsupported without evidence of expense shifting, manipulation, or defects in the unit's books. Where an expenditure disallowance relates to the eligible business, the resulting increase in business profits correspondingly increases the profit base eligible for Chapter VI-A deduction. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359015