https://www.taxtmi.com/caselaws?id=14440 The dominant issue was whether, for a new industrial undertaking eligible under ss. 80HH and 80-I, the 20% deduction under s. 80-I must be computed on profits reduced by the s. 80HH deduction because s. 80HH(9) mandates priority. The HC held that s. 80HH(9) prescribes only the order of allowance and does not curtail the quantum of s. 80-I; the aggregate deduction is instead capped by s. 80A(2) at the gross total income. Consequently, s. 80-I is to be computed on the full eligible profits, subject to the overall ceiling, and the assessee's interpretation was upheld against the revenue. The Tribunal's remand for want of particulars was affirmed. en-us Mon, 11 Dec 2000 00:00:00 +0530 Mon, 05 Jan 2026 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14440 The dominant issue was whether, for a new industrial undertaking eligible under ss. 80HH and 80-I, the 20% deduction under s. 80-I must be computed on profits reduced by the s. 80HH deduction because s. 80HH(9) mandates priority. The HC held that s. 80HH(9) prescribes only the order of allowance and does not curtail the quantum of s. 80-I; the aggregate deduction is instead capped by s. 80A(2) at the gross total income. Consequently, s. 80-I is to be computed on the full eligible profits, subject to the overall ceiling, and the assessee's interpretation was upheld against the revenue. The Tribunal's remand for want of particulars was affirmed. Case-Laws Income Tax Mon, 11 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14440