Section 10B Amended: Clarifies Deduction Status, Mandates Inclusion of Profits and Losses in Income Computation.

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....Consequent to amended provisions section 10B makes it clear that it is a deduction and not exemption, and the computation of income has to be in accordance with the provisions of the Act, therefore, not only profits but also losses from the business have to be taken into consideration while computing deduction u/s 10B - AT....