https://www.taxtmi.com/caselaws?id=37244 Relief under section 80-I had to be computed after first setting off carried forward losses of earlier years, so the deduction base reflected the income remaining after those permissible prior-year adjustments. For assessment year 1971-72, carried forward deficiencies under section 80J, being within Chapter VI-A, could not be adjusted before determining the gross total income base for section 80-I; only carried forward losses were to be taken into account first. The text therefore states that prior-year losses reduce the computation base for section 80-I, while section 80J deficiencies do not. en-us Mon, 23 Jul 1979 00:00:00 +0530 Sat, 27 Mar 2010 15:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37244 Relief under section 80-I had to be computed after first setting off carried forward losses of earlier years, so the deduction base reflected the income remaining after those permissible prior-year adjustments. For assessment year 1971-72, carried forward deficiencies under section 80J, being within Chapter VI-A, could not be adjusted before determining the gross total income base for section 80-I; only carried forward losses were to be taken into account first. The text therefore states that prior-year losses reduce the computation base for section 80-I, while section 80J deficiencies do not. Case-Laws Income Tax Mon, 23 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37244