https://www.taxtmi.com/caselaws?id=28283 Section 80-I relief was considered in relation to profits assessable under section 41(2) and scrap-sale receipts. The analysis states that the balancing charge under section 41(2), though created by legal fiction, forms part of business income and must be included before computing the special deduction. It also states that the words "attributable to" have a wide meaning and are not confined to receipts arising only from the actual conduct of the specified business. On that basis, the article concludes that the deduction extends to section 41(2) profits and scrap-sale receipts. en-us Mon, 17 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 11:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28283 Section 80-I relief was considered in relation to profits assessable under section 41(2) and scrap-sale receipts. The analysis states that the balancing charge under section 41(2), though created by legal fiction, forms part of business income and must be included before computing the special deduction. It also states that the words "attributable to" have a wide meaning and are not confined to receipts arising only from the actual conduct of the specified business. On that basis, the article concludes that the deduction extends to section 41(2) profits and scrap-sale receipts. Case-Laws Income Tax Mon, 17 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28283