Eligibility for Deductions u/s 80IC: Enhanced Profits from Disallowances Increase Eligible Business Profits for Tax Deductions.

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....Deduction-u/s 80IC - enhanced profit due to disallowance - CBCT Circular No.37/2016 dated 02.11.2016 - disallowance made u/s 32, 40(a)(ia), 40A(3), 43B, etc. and other specific disallowances, related to the business activity result in enhancement of the profits of the eligible business - deduction under Chapter VI-A is admissible....