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2004 (11) TMI 31 - HC - Income TaxDeduction under section 80HHC - "Whether Tribunal is justified in holding that the Assessing Officer was correct in adjusting the brought forward business loss of the earlier year(s) against the business profit of the current year and since after such adjustment the gross total income was computed at nil, the assessee was not entitled to deduction u/s 80HHC?" - despite some amendment made in the wording of section 80HHC with effect from April 1, 1986, it did not make any change in so far as it related to computation of total income of an assessee - we answer the question against the assessee and in favour of the Revenue
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