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1987 (1) TMI 489 - HC - Income TaxExtract: .......preme Court has held that for the purpose of s. 80-0 the deduction has to be computed not on the basis of gross income but on the basis of net income. In view of the Supreme Court decision the question referred to us is answered in favour of the applicant and against the assessee. The question is answered accordingly. There is no order as to costs.
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