https://www.taxtmi.com/caselaws?id=33218 Section 115JA was treated as a self-contained code for computing book profit, so the Assessing Officer could not go beyond the adjustments expressly permitted in the Explanation. On that basis, deduction under section 80HHC had to be computed by reference to book profits under the special book-profit scheme, not by applying the normal computation provisions for business income. The court followed the earlier Division Bench view and gave primacy to the statutory mechanism governing book profit computation. Deduction under section 80HHC was therefore allowed on book profits, and the Revenue's contention failed. en-us Thu, 16 Apr 2009 00:00:00 +0530 Mon, 27 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33218 Section 115JA was treated as a self-contained code for computing book profit, so the Assessing Officer could not go beyond the adjustments expressly permitted in the Explanation. On that basis, deduction under section 80HHC had to be computed by reference to book profits under the special book-profit scheme, not by applying the normal computation provisions for business income. The court followed the earlier Division Bench view and gave primacy to the statutory mechanism governing book profit computation. Deduction under section 80HHC was therefore allowed on book profits, and the Revenue's contention failed. Case-Laws Income Tax Thu, 16 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33218