https://www.taxtmi.com/caselaws?id=14701 The dominant issue was whether the deduction under s. 80-O of the Income-tax Act is allowable on gross receipts or only on income as computed under the Act. The HC held that s. 80AB, containing a non obstante clause, overrides the computation language in s. 80-O and mandates that deductions under Chapter VI-A, Heading "C", be computed with reference to the income included in the gross total income, not the gross receipts. Relying on SC authority on the overriding effect of non obstante clauses, the HC concluded that the s. 80AB computation mechanism governs s. 80-O. Consequently, deduction under s. 80-O must be computed on net income as determined under the Act, and not on gross receipts. en-us Fri, 15 Dec 2000 00:00:00 +0530 Mon, 05 Jan 2026 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14701 The dominant issue was whether the deduction under s. 80-O of the Income-tax Act is allowable on gross receipts or only on income as computed under the Act. The HC held that s. 80AB, containing a non obstante clause, overrides the computation language in s. 80-O and mandates that deductions under Chapter VI-A, Heading "C", be computed with reference to the income included in the gross total income, not the gross receipts. Relying on SC authority on the overriding effect of non obstante clauses, the HC concluded that the s. 80AB computation mechanism governs s. 80-O. Consequently, deduction under s. 80-O must be computed on net income as determined under the Act, and not on gross receipts. Case-Laws Income Tax Fri, 15 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14701