https://www.taxtmi.com/caselaws?id=279842 Disallowance of expenses under Chapter XVII-B read with section 40(a)(ia) does not reduce the profits eligible for deduction under section 80IB. Business income is first computed under section 29 by applying sections 30 to 43D, and the deduction under section 80IB is then worked out on the profits as finally assessed. Where a TDS-related disallowance increases the business profit figure, there is no statutory bar to granting deduction on that enhanced amount. Separate penal and interest consequences for TDS default remain applicable. en-us Tue, 21 Sep 2010 00:00:00 +0530 Mon, 08 Apr 2019 13:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279842 Disallowance of expenses under Chapter XVII-B read with section 40(a)(ia) does not reduce the profits eligible for deduction under section 80IB. Business income is first computed under section 29 by applying sections 30 to 43D, and the deduction under section 80IB is then worked out on the profits as finally assessed. Where a TDS-related disallowance increases the business profit figure, there is no statutory bar to granting deduction on that enhanced amount. Separate penal and interest consequences for TDS default remain applicable. Case-Laws Income Tax Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279842