https://www.taxtmi.com/caselaws?id=388355 For Chapter VI-A relief, gross total income must first be computed after allowing deductions under Sections 30 to 43D, including depreciation under Section 32. An assessee's decision not to claim current depreciation in the return does not override this statutory computation base for Section 80IB deduction. Applying the Full Bench position, the Court treated depreciation as mandatory in determining eligible gross total income and answered the issue against the assessee, in favour of the Revenue. en-us Tue, 05 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 10:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388355 For Chapter VI-A relief, gross total income must first be computed after allowing deductions under Sections 30 to 43D, including depreciation under Section 32. An assessee's decision not to claim current depreciation in the return does not override this statutory computation base for Section 80IB deduction. Applying the Full Bench position, the Court treated depreciation as mandatory in determining eligible gross total income and answered the issue against the assessee, in favour of the Revenue. Case-Laws Income Tax Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388355