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2007 (7) TMI 225 - MADRAS HIGH COURTTribunal hold that for computation of profit u/s 80 HHC, business profit should be adopted without considering unabsorbed depreciation carried forward – SC has held that Sec. 80AB specify that profits as determined for purpose of the Act, will apply for determining profits from export business for purposes of deduction u/s 80 HHC – hence in determining business profits for deduction u/s 80 HHC, unabsorbed business losses of earlier years u/s 72 should be set off – tribunal order set aside
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