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2004 (1) TMI 15 - HC - Income TaxDeduction under section 80-I - "Whether, the Appellate Tribunal is right in law and on facts in confirming the order passed by the Commissioner of Income-tax (Appeals) holding that the deduction under section 80-I should be given without any deduction under section 80HH from the total income?" - we have no manner of doubt that while computing the profits for the purpose of availing of deduction under section 80-I, the profits and gains of the assessee's business are not required to be reduced by the deduction admissible under section 80HH. - Hence our answer to the question is in the affirmative, i.e., in favour of the assessee and against the Revenue.
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