https://www.taxtmi.com/caselaws?id=378418 Section 80IA deduction is to be computed on the profits of the eligible business alone, with the eligible undertaking treated as the relevant source of income for that purpose. Section 80AB does not permit substitution of the assessee's lower aggregate income from all sources, nor can it be used to cap the statutory deduction by reference to gross total income where the claim falls within that limit. The commentary records that the Revenue's challenge failed and that no substantial question of law arose for interference, leaving the appellate view on entitlement confirmed. en-us Thu, 14 Mar 2019 00:00:00 +0530 Fri, 06 Sep 2019 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378418 Section 80IA deduction is to be computed on the profits of the eligible business alone, with the eligible undertaking treated as the relevant source of income for that purpose. Section 80AB does not permit substitution of the assessee's lower aggregate income from all sources, nor can it be used to cap the statutory deduction by reference to gross total income where the claim falls within that limit. The commentary records that the Revenue's challenge failed and that no substantial question of law arose for interference, leaving the appellate view on entitlement confirmed. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378418