https://www.taxtmi.com/caselaws?id=16707 Section 80B(5) requires gross total income to be computed after making all relevant set-offs under the Act, and only then can Chapter VI-A deductions be granted. Applying that scheme, carried-forward business losses and unabsorbed depreciation from earlier years must first be adjusted before computing deduction under section 80J. The High Court reiterated the earlier binding view that section 80J relief cannot be claimed on income before those prior-year adjustments, and the issue was answered in favour of the Revenue. en-us Mon, 17 Feb 1997 00:00:00 +0530 Wed, 09 Sep 2009 16:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16707 Section 80B(5) requires gross total income to be computed after making all relevant set-offs under the Act, and only then can Chapter VI-A deductions be granted. Applying that scheme, carried-forward business losses and unabsorbed depreciation from earlier years must first be adjusted before computing deduction under section 80J. The High Court reiterated the earlier binding view that section 80J relief cannot be claimed on income before those prior-year adjustments, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Mon, 17 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16707