JEYAR CONSULTANT & INVESTMENT PVT. LTD. vs. COMMISSIONER OF INCOME TAX,MADRAS
C.A. No.-008912-008912 - 2003Supreme Court01 Apr 2015
Section 80H
VI-A. Section 80-HHC would
thus be governed by Section 80-AB which makes
it clear that the computation of income has to be
in accordance with the provisions of the Act.
Moreover, even under Section 80-HHC(3)
(c)(i) the profit is to be adjusted profit of business
which means a profit as reduced by the profit
