https://www.taxtmi.com/caselaws?id=12982 Chapter VI-A deductions cannot exceed gross total income, so losses from one division must be adjusted against profits of another before the deduction ceiling is applied. The eligible-undertaking computation mechanism for quantifying deduction does not override the requirement to first determine gross total income under the Act, nor does its non obstante clause displace the statutory ceiling on deductions. On that basis, where the adjusted gross total income is nil, no deduction under the relevant incentive provisions can be claimed. en-us Mon, 23 Jul 2001 00:00:00 +0530 Tue, 23 Dec 2025 15:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12982 Chapter VI-A deductions cannot exceed gross total income, so losses from one division must be adjusted against profits of another before the deduction ceiling is applied. The eligible-undertaking computation mechanism for quantifying deduction does not override the requirement to first determine gross total income under the Act, nor does its non obstante clause displace the statutory ceiling on deductions. On that basis, where the adjusted gross total income is nil, no deduction under the relevant incentive provisions can be claimed. Case-Laws Income Tax Mon, 23 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12982