https://www.taxtmi.com/caselaws?id=33114 For computing deduction under section 80I, profits derived from the industrial undertaking were required to be reduced by the investment deposit deduction claimed under section 32AB. The Court declined to take a different view from its earlier decision in the assessee's own case for the same assessment year context, and rejected the argument that the interaction between section 80I, section 32AB, and the Investment Deposit Account Scheme required reconsideration. The issue was answered in the affirmative, with the result against the assessee and in favour of the revenue. en-us Wed, 11 Feb 2009 00:00:00 +0530 Wed, 22 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33114 For computing deduction under section 80I, profits derived from the industrial undertaking were required to be reduced by the investment deposit deduction claimed under section 32AB. The Court declined to take a different view from its earlier decision in the assessee's own case for the same assessment year context, and rejected the argument that the interaction between section 80I, section 32AB, and the Investment Deposit Account Scheme required reconsideration. The issue was answered in the affirmative, with the result against the assessee and in favour of the revenue. Case-Laws Income Tax Wed, 11 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33114