https://www.taxtmi.com/caselaws?id=25365 Development rebate at 35% was allowed on machinery installed in the relevant previous years because the issue was governed by the assessee's own earlier assessment-year decision, and no distinguishing feature was shown. Deduction under section 80-I was denied because Chapter VI-A deductions are confined by section 80A(2) to the gross total income, and where gross total income computed under section 80B(5) is nil after set-off of carried forward loss and unabsorbed depreciation, no deduction can be granted. The reference was therefore answered partly for the assessee and partly for the Revenue. en-us Tue, 18 Oct 1983 00:00:00 +0530 Thu, 28 Jan 2010 11:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25365 Development rebate at 35% was allowed on machinery installed in the relevant previous years because the issue was governed by the assessee's own earlier assessment-year decision, and no distinguishing feature was shown. Deduction under section 80-I was denied because Chapter VI-A deductions are confined by section 80A(2) to the gross total income, and where gross total income computed under section 80B(5) is nil after set-off of carried forward loss and unabsorbed depreciation, no deduction can be granted. The reference was therefore answered partly for the assessee and partly for the Revenue. Case-Laws Income Tax Tue, 18 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25365