Dismissing the appeal of the revenue the Court held that , the Tribunal is justified in holding that,  deduction to be computed before adjusting business loss or Depreciation. Referred ,  Circular No 7/DV/2013 dt 16 -07 2013 ,  Followed CIT v Yokogawa India Ltd ( 2017) 77 taxmann.com 41 (SC) , CIT v Galaxy Sufactants Ltd  ITA No. 3465 of 2010 dt 7-02 2012- (ITA No . 1356 /PN/2014 dt 5-5-2016 )  ( ITA No . 1368 of 2017 dt 27 -01 2020 ) (AY. 2007 -08)  ( Editorial : Also ,refer CIT v Shantivijay Jewels Ltd (ITA No 1336 of 2013 dt 7 -04 -2015 ( Bom) (HC)