https://www.taxtmi.com/caselaws?id=14039 The dominant issue was whether deduction under s. 80-I could be allowed without first reducing profits by deduction under s. 80HH, having regard to s. 80HH(9). The HC held that for quantifying deductions under ss. 80HH and 80-I, the "gross total income" of the eligible industrial undertaking must be computed independently without reducing it by any Chapter VI-A deduction, and s. 80HH(9) does not curtail the quantum of deduction otherwise admissible under s. 80-I. It further held that, absent statutory priority (beyond permitting s. 80HH before s. 80-I/80J), the assessee may opt adjustment where gross total income is insufficient. The reference was answered in favour of the assessee and against the Revenue. en-us Thu, 15 Feb 2001 00:00:00 +0530 Mon, 05 Jan 2026 20:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14039 The dominant issue was whether deduction under s. 80-I could be allowed without first reducing profits by deduction under s. 80HH, having regard to s. 80HH(9). The HC held that for quantifying deductions under ss. 80HH and 80-I, the "gross total income" of the eligible industrial undertaking must be computed independently without reducing it by any Chapter VI-A deduction, and s. 80HH(9) does not curtail the quantum of deduction otherwise admissible under s. 80-I. It further held that, absent statutory priority (beyond permitting s. 80HH before s. 80-I/80J), the assessee may opt adjustment where gross total income is insufficient. The reference was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 15 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14039