https://www.taxtmi.com/caselaws?id=17910 Section 80HH relief must be computed by reading it with section 80AB, so the eligible deduction is based on net income computed under the Income-tax Act rather than the profit and loss account figure alone. Unabsorbed losses and unabsorbed depreciation must first be adjusted while working out gross total income, and related items such as depreciation, development rebate and investment allowance cannot be ignored for this purpose. On that basis, deduction under section 80HH is not available on an unadjusted accounts figure and is calculated only on income determined in accordance with the Act. en-us Wed, 29 Nov 1995 00:00:00 +0530 Fri, 25 Sep 2009 15:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17910 Section 80HH relief must be computed by reading it with section 80AB, so the eligible deduction is based on net income computed under the Income-tax Act rather than the profit and loss account figure alone. Unabsorbed losses and unabsorbed depreciation must first be adjusted while working out gross total income, and related items such as depreciation, development rebate and investment allowance cannot be ignored for this purpose. On that basis, deduction under section 80HH is not available on an unadjusted accounts figure and is calculated only on income determined in accordance with the Act. Case-Laws Income Tax Wed, 29 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17910