https://www.taxtmi.com/caselaws?id=21340 Section 80-I deduction had to be computed on the profits and gains finally assessed under the Income-tax Act, after excluding development rebate and weighted export expenditure already allowed in the assessment. The reasoning treated section 80E as an analogous provision and applied the principle that amounts required to be deducted in arriving at assessable business income cannot be ignored when fixing the base for a special deduction. On that basis, the assessee could not claim the deduction on the higher figure and the issue was resolved in favour of the Revenue. en-us Tue, 25 Feb 1992 00:00:00 +0530 Sat, 21 Nov 2009 16:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21340 Section 80-I deduction had to be computed on the profits and gains finally assessed under the Income-tax Act, after excluding development rebate and weighted export expenditure already allowed in the assessment. The reasoning treated section 80E as an analogous provision and applied the principle that amounts required to be deducted in arriving at assessable business income cannot be ignored when fixing the base for a special deduction. On that basis, the assessee could not claim the deduction on the higher figure and the issue was resolved in favour of the Revenue. Case-Laws Income Tax Tue, 25 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21340