https://www.taxtmi.com/caselaws?id=38625 Chapter VIA deductions under sections 80E, 80I and 80J are allowed after inclusion in gross total income and are not amounts excluded from total income at the computation stage. For that reason, such deductions do not constitute income "not includible in the total income" for rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. Capital reduction under rule 4 is therefore not available by reference to those deductions, and the position is stated in favour of the assessee. en-us Thu, 16 Jun 1977 00:00:00 +0530 Wed, 07 Apr 2010 16:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38625 Chapter VIA deductions under sections 80E, 80I and 80J are allowed after inclusion in gross total income and are not amounts excluded from total income at the computation stage. For that reason, such deductions do not constitute income "not includible in the total income" for rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. Capital reduction under rule 4 is therefore not available by reference to those deductions, and the position is stated in favour of the assessee. Case-Laws Income Tax Thu, 16 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38625