Deductions to be made in computing total income.

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....total income, as per and subject to the provisions of this Chapter. (2) The aggregate amount of the deductions under this Chapter shall not, in any case, exceed the gross total income of the assessee. (3) If the deduction under section 133 or 135 or 137 or 138 or 141 or 142 or 143 is admissible in computing the total income of an association of persons or a body of individuals, no deduction ....

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....ng or unit or enterprise or eligible business. (5) Deduction under the provisions of Part C of this Chapter shall not be allowed to an assessee, who fails to- (a) furnish a return of income on or before the due date specified under section 263(1); or (b) make a claim of deduction in return furnished under section 263(1). (6) For the purposes of any deduction under this Chap....

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.... the assessee, shall be computed as if the transfer in clause (a) or (b), had been made at the market value of such goods or services as on that date. (7) For the purposes of sub-section (6), "market value",- (a) in relation to any goods or services sold or supplied, means the price that such goods or services would fetch, if these were sold by the undertaking or unit or enterprise or ....

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....shall be allowed for such specified business under section 46 for the same or any other tax year. (9) Where any deduction is required to be made or allowed under Part C of this Chapter, in respect of any income of the nature specified in that section and included in the gross total income of the assessee, then, irrespective of anything contained in that section, for the purpose of computing the....