https://www.taxtmi.com/caselaws?id=20616 The High Court ruled that in computing income from capital gains, section 54E should be applied before section 80T. This means that if section 54E applies to exempt capital gains from tax, the deduction under section 80T may not be applicable. The judgment clarified the correct order of deductions and exemptions under the Income-tax Act, favoring the Revenue. The court's decision was based on a detailed analysis of the relevant provisions, ensuring proper computation of taxable income from capital gains. en-us Tue, 30 Mar 1993 00:00:00 +0530 Mon, 16 Nov 2009 11:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20616 The High Court ruled that in computing income from capital gains, section 54E should be applied before section 80T. This means that if section 54E applies to exempt capital gains from tax, the deduction under section 80T may not be applicable. The judgment clarified the correct order of deductions and exemptions under the Income-tax Act, favoring the Revenue. The court's decision was based on a detailed analysis of the relevant provisions, ensuring proper computation of taxable income from capital gains. Case-Laws Income Tax Tue, 30 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20616