2012 (9) TMI 1078

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....ati Soparkar for the Respondent. JUDGMENT Akil Kureshi, J. - The present Tax Appeal has been admitted for consideration of the following substantial question of law : " Whether on the facts and in the circumstances of the case and in law the Appellate Tribunal erred in holding that for computing deduction under Clause (iv) of Section 115JB of the I.T. Act, 1961 the calculations are to b....

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.... profits eligible for deduction under section 80HHC or by the amount of deduction under section 80HHC? In context of such a question, the Apex Court has observed as under : '...If the dichotomy between "eligibility" of profit and "deductibility" of profit is not kept in mind then section 115JB will cease to be a self-contained code. In section 115JB, as is section 115JA, ....