https://www.taxtmi.com/caselaws?id=14275 Deduction under section 80HH must be computed on profits of the industrial undertaking determined under the Income-tax Act, including adjustment of unabsorbed investment allowance under section 32A. Section 80AB requires the relevant income for Chapter VI-A deductions to be calculated under the Act before any such deduction is allowed. Consequently, commercial profits cannot be used independently of statutory computation rules, and the section 80HH deduction applies only after giving effect to the section 32A adjustment. en-us Tue, 06 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 18:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14275 Deduction under section 80HH must be computed on profits of the industrial undertaking determined under the Income-tax Act, including adjustment of unabsorbed investment allowance under section 32A. Section 80AB requires the relevant income for Chapter VI-A deductions to be calculated under the Act before any such deduction is allowed. Consequently, commercial profits cannot be used independently of statutory computation rules, and the section 80HH deduction applies only after giving effect to the section 32A adjustment. Case-Laws Income Tax Tue, 06 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14275