2012 (9) TMI 1078

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....oparkar, Jaimin Dave, Ms. Bhoomi Thakore and Mrs. Swati 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 Se....

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.... have to be reduced by the amount of 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....