https://www.taxtmi.com/caselaws?id=24332 For deduction under section 80-I, the court applied its earlier binding precedent and held that brought forward losses set off under section 72 had to be taken into account in computing total income, with that question answered against the assessee. It also held, following the same controlling authority, that unabsorbed depreciation and development rebate under sections 32, 33 and 34 formed part of the relevant computation for section 80-I purposes, and that issue was likewise decided against the assessee. The reference was disposed of in line with the prior decision, without fresh independent analysis. en-us Mon, 13 Jun 1988 00:00:00 +0530 Tue, 19 Jan 2010 13:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24332 For deduction under section 80-I, the court applied its earlier binding precedent and held that brought forward losses set off under section 72 had to be taken into account in computing total income, with that question answered against the assessee. It also held, following the same controlling authority, that unabsorbed depreciation and development rebate under sections 32, 33 and 34 formed part of the relevant computation for section 80-I purposes, and that issue was likewise decided against the assessee. The reference was disposed of in line with the prior decision, without fresh independent analysis. Case-Laws Income Tax Mon, 13 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24332