https://www.taxtmi.com/caselaws?id=27228 The court held that deductions under sections 80L and 80M are not allowable if the total income is negative after setting off losses. The rectification orders under section 154 were deemed valid as the mistake was apparent from the record. The court ruled in favor of the Revenue, concluding that the Tribunal erred in its interpretation. en-us Mon, 11 Mar 1985 00:00:00 +0530 Thu, 11 Feb 2010 16:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27228 The court held that deductions under sections 80L and 80M are not allowable if the total income is negative after setting off losses. The rectification orders under section 154 were deemed valid as the mistake was apparent from the record. The court ruled in favor of the Revenue, concluding that the Tribunal erred in its interpretation. Case-Laws Income Tax Mon, 11 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27228