https://www.taxtmi.com/caselaws?id=25980 The court held that the assessee was not entitled to a deduction under section 80M as the gross total income was a loss. It emphasized that the entire business loss, including depreciation, must be set off against other heads of income without partial set off. The court clarified that deductions under Chapter VI-A should not be considered in computing the gross total income. The decision favored the Revenue, with no order as to costs. en-us Thu, 22 May 1986 00:00:00 +0530 Tue, 02 Feb 2010 11:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25980 The court held that the assessee was not entitled to a deduction under section 80M as the gross total income was a loss. It emphasized that the entire business loss, including depreciation, must be set off against other heads of income without partial set off. The court clarified that deductions under Chapter VI-A should not be considered in computing the gross total income. The decision favored the Revenue, with no order as to costs. Case-Laws Income Tax Thu, 22 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25980