2012 (9) TMI 1078

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..... JUDGMENT Akil Kureshi, J. The present Tax Appeal has been admitted for consideration of the following substantial question of law : Whether on the facts and in the circumstances of the case and in law the Appellate Tribunal erred in holding that for computing deduction under Clause (iv) of Section 115JB of the I.T. Act, 1961 the calculations are to be made with respect to adjus .....

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..... or by the amount of deduction under section 80HHC? In context of such a question, the Apex Court has observed as under : '...If the dichotomy between eligibility of profit and deductibility of profit is not kept in mind then section 115JB will cease to be a self-contained code. In section 115JB, as is section 115JA, it has been clearly stated that the relief will be computed under sect .....

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