| COURT: | Bombay High Court |
| CORAM: | R. M. Savant J, V. C. Daga J |
| SECTION(S): | 80-O, Chapter VI-A |
| GENRE: | Domestic Tax |
| CATCH WORDS: | exemption |
| COUNSEL: | Percy Pardiwala |
| DATE: | October 18, 2010 (Date of pronouncement) |
| DATE: | March 3, 2015 (Date of publication) |
| AY: | - |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Chapter VI-A deductions are not limited to the business profits but are available to the extent of the Gross Total Income | |
The only question sought to be canvassed is that out of these deductions the admissible deduction under section 80-O ought to be limited to the extent of Rs.69,70,127 which represents business income. In other words, the income from interest and dividend shall not form part of the gross total income as defined under section 80B(5) of the Act. The submission is misconceived
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