JEYAR CONSULTANT & INVESTMENT PVT. LTD. vs. COMMISSIONER OF INCOME TAX,MADRAS

setting off those losses against the income/profits from the business in India, still there is net-profit of the business, the benefit under Section 80HHC will be available? The second question would arise is as to whether formula applied by the fora below is correct? In other words, while applying the formula, we have to see what would comprise “total