https://www.taxtmi.com/caselaws?id=27782 The Court held that deductions under Chapter VI-A should be allowed before setting off unabsorbed depreciation and carried forward development rebate, subject to limitations. As the gross total income was nil after adjusting unabsorbed depreciation, no deductions under Chapter VI-A were permitted. The Court ruled in favor of the Revenue regarding relief under sections 80L, 80M, and 80Q, emphasizing the need to compute total income before granting deductions. The Court decided against the assessee, awarding costs to the Revenue, including counsel's fee. en-us Fri, 19 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 10:43:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27782 The Court held that deductions under Chapter VI-A should be allowed before setting off unabsorbed depreciation and carried forward development rebate, subject to limitations. As the gross total income was nil after adjusting unabsorbed depreciation, no deductions under Chapter VI-A were permitted. The Court ruled in favor of the Revenue regarding relief under sections 80L, 80M, and 80Q, emphasizing the need to compute total income before granting deductions. The Court decided against the assessee, awarding costs to the Revenue, including counsel's fee. Case-Laws Income Tax Fri, 19 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27782