https://www.taxtmi.com/caselaws?id=370897 Deduction under section 80IC is admissible on enhanced profits where additions in the assessment increase the eligible business income. Disallowances made in computing business income, including items under sections 40(a)(ia), 43B and unsupported purchase claims, were treated as arising from the business activity of the eligible unit. Relying on CBDT Circular No. 37/2016, the Tribunal noted that such disallowances enhance profits of the eligible business and the Chapter VI-A deduction must be allowed on the revised figure, resulting in relief to the assessee. en-us Wed, 01 Aug 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370897 Deduction under section 80IC is admissible on enhanced profits where additions in the assessment increase the eligible business income. Disallowances made in computing business income, including items under sections 40(a)(ia), 43B and unsupported purchase claims, were treated as arising from the business activity of the eligible unit. Relying on CBDT Circular No. 37/2016, the Tribunal noted that such disallowances enhance profits of the eligible business and the Chapter VI-A deduction must be allowed on the revised figure, resulting in relief to the assessee. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370897