https://www.taxtmi.com/caselaws?id=359586 Section 10AA deduction is to be computed at the stage of determining the gross total income of the eligible undertaking under Chapter IV, not only after applying Chapter VI. The Karnataka HC followed earlier binding precedent and held that the deduction mechanism operates at the Chapter IV computation stage. On that basis, the substantial question of law was answered against the Revenue and in favour of the assessee. en-us Mon, 29 Jan 2018 00:00:00 +0530 Wed, 02 May 2018 06:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359586 Section 10AA deduction is to be computed at the stage of determining the gross total income of the eligible undertaking under Chapter IV, not only after applying Chapter VI. The Karnataka HC followed earlier binding precedent and held that the deduction mechanism operates at the Chapter IV computation stage. On that basis, the substantial question of law was answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359586