https://www.taxtmi.com/caselaws?id=783689 For deduction under s.80-IA, the HC held that where depreciation allowance and development rebate of earlier assessment years had already been fully set off against total income, no notional adjustment could be made by re-deducting such amounts while computing the eligible deduction; the issue was decided in favour of the assessee. On computation of export profits under s.80HHC(4A) read with Explanation (baa) for manufactured goods undertaken as job work, the HC upheld exclusion of 90% of labour/job-work charges from "profits of the business" in the numerator while retaining them in total turnover in the denominator; the Revenue's method was sustained on this issue. en-us Tue, 02 Dec 2025 00:00:00 +0530 Sat, 20 Dec 2025 07:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783689 For deduction under s.80-IA, the HC held that where depreciation allowance and development rebate of earlier assessment years had already been fully set off against total income, no notional adjustment could be made by re-deducting such amounts while computing the eligible deduction; the issue was decided in favour of the assessee. On computation of export profits under s.80HHC(4A) read with Explanation (baa) for manufactured goods undertaken as job work, the HC upheld exclusion of 90% of labour/job-work charges from "profits of the business" in the numerator while retaining them in total turnover in the denominator; the Revenue's method was sustained on this issue. Case-Laws Income Tax Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783689