https://www.taxtmi.com/caselaws?id=57500 The court partially allowed the departmental appeal, directing the Assessing Officer to compute the gross total income first and then limit the deduction under section 80HHC to the amount of gross total income if it is below 50% of the total export profits. The interpretation clarified that deductions under section 80A should not exceed the gross total income, particularly when it relates to setting off losses from earlier years and determining deductions based on export profits. en-us Fri, 19 May 1995 00:00:00 +0530 Fri, 10 Dec 2010 15:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57500 The court partially allowed the departmental appeal, directing the Assessing Officer to compute the gross total income first and then limit the deduction under section 80HHC to the amount of gross total income if it is below 50% of the total export profits. The interpretation clarified that deductions under section 80A should not exceed the gross total income, particularly when it relates to setting off losses from earlier years and determining deductions based on export profits. Case-Laws Income Tax Fri, 19 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57500