Deduction claimed under Sections 80-IA/80-IB is not to be subtracted from business profits while computing Section 80HHC deduction.
Deduction claimed under Sections 80-IA/80-IB is not to be subtracted from business profits while computing Section 80HHC deduction. Issue Whether deductions allowed under Sections 80-IA/80-IB must be subtracted from business profits before computing deductions under Section 80HHC, and whether a late-crystallized capital liability can be added to the actual cost under Section 43(1) without identifying… Read More »