https://www.taxtmi.com/caselaws?id=14784 HC held that for computing deduction under section 80HHC the "profits of the business" must be determined under the head Profits and gains of business as defined by sections 28-44D, thereby excluding set-off of prior years' unabsorbed business losses under section 72. Section 80AB does not override section 80HHC(3); section 80HHC is a self-contained code with an artificial formula to take current year export profits into account. Appeal dismissed with no order as to costs. en-us Mon, 24 Jul 2000 00:00:00 +0530 Tue, 07 Oct 2025 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14784 HC held that for computing deduction under section 80HHC the "profits of the business" must be determined under the head Profits and gains of business as defined by sections 28-44D, thereby excluding set-off of prior years' unabsorbed business losses under section 72. Section 80AB does not override section 80HHC(3); section 80HHC is a self-contained code with an artificial formula to take current year export profits into account. Appeal dismissed with no order as to costs. Case-Laws Income Tax Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14784