https://www.taxtmi.com/caselaws?id=24251 Chapter VI-A deductions are available only against positive gross total income, as section 80B(5) defines gross total income and section 80A(2) caps the aggregate deduction at that amount. On this construction, deductions under sections 80K and 80T cannot be granted where the computed gross total income is nil or negative, because the statutory ceiling is not satisfied. The result is that such deductions are unavailable in a loss situation and the claim fails against the Revenue. en-us Tue, 14 Feb 1989 00:00:00 +0530 Mon, 18 Jan 2010 17:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24251 Chapter VI-A deductions are available only against positive gross total income, as section 80B(5) defines gross total income and section 80A(2) caps the aggregate deduction at that amount. On this construction, deductions under sections 80K and 80T cannot be granted where the computed gross total income is nil or negative, because the statutory ceiling is not satisfied. The result is that such deductions are unavailable in a loss situation and the claim fails against the Revenue. Case-Laws Income Tax Tue, 14 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24251