https://www.taxtmi.com/caselaws?id=19471 The High Court held that the deduction u/s 80HH should be computed based on the profits and gains included in the gross total income, after deducting provisions for taxes, depreciation, and investment allowance reserve. The Tribunal's approach of computing the deduction on commercial profits by adding these provisions was deemed incorrect. en-us Thu, 21 Jul 1994 00:00:00 +0530 Fri, 06 Nov 2009 13:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19471 The High Court held that the deduction u/s 80HH should be computed based on the profits and gains included in the gross total income, after deducting provisions for taxes, depreciation, and investment allowance reserve. The Tribunal's approach of computing the deduction on commercial profits by adding these provisions was deemed incorrect. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19471