https://www.taxtmi.com/caselaws?id=35875 Under the Income-tax Act, 1961, gross total income for Chapter VI-A deductions must first be computed in accordance with the Act, so unabsorbed depreciation is set off before considering deduction under Section 80J. The statutory definition in Section 80B(5) therefore gives priority to depreciation adjustment over the Chapter VI-A deduction claim. The text further notes that the deficiency under Section 80J cannot be carried forward beyond the period allowed by the proviso to Section 80J(3), and that this limitation can validly be applied in rectification proceedings under Section 154. en-us Thu, 26 Mar 1981 00:00:00 +0530 Wed, 17 Mar 2010 13:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35875 Under the Income-tax Act, 1961, gross total income for Chapter VI-A deductions must first be computed in accordance with the Act, so unabsorbed depreciation is set off before considering deduction under Section 80J. The statutory definition in Section 80B(5) therefore gives priority to depreciation adjustment over the Chapter VI-A deduction claim. The text further notes that the deficiency under Section 80J cannot be carried forward beyond the period allowed by the proviso to Section 80J(3), and that this limitation can validly be applied in rectification proceedings under Section 154. Case-Laws Income Tax Thu, 26 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35875