https://www.taxtmi.com/caselaws?id=18675 The High Court held that the deduction under section 80HH of the Income-tax Act should be allowed on the net income as computed in accordance with the Act, rather than on the gross total income. The Court emphasized that the net income after deductions should be considered for claiming the deduction, ruling in favor of the Revenue's contention that the gross total income must be computed after deducting unabsorbed losses and unabsorbed depreciation to determine the income eligible for the deduction under section 80HH. en-us Sun, 13 Nov 1994 00:00:00 +0530 Sat, 31 Oct 2009 12:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18675 The High Court held that the deduction under section 80HH of the Income-tax Act should be allowed on the net income as computed in accordance with the Act, rather than on the gross total income. The Court emphasized that the net income after deductions should be considered for claiming the deduction, ruling in favor of the Revenue's contention that the gross total income must be computed after deducting unabsorbed losses and unabsorbed depreciation to determine the income eligible for the deduction under section 80HH. Case-Laws Income Tax Sun, 13 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18675