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2016 (2) TMI 1064 - SCH - Income TaxComputation of deduction u/s 10A - HC [2015 (6) TMI 1044 - BOMBAY HIGH COURT] held Section 10A is a provision which is in the nature of a deduction and not an exemption - the deduction under Section 10A has to be given effect to at the stage of computing the profits and gains of business - Section 80B(5) defines for the purposes of Chapter VI-A “gross total income” to mean the total income computed in accordance with the provisions of the Act, before making any deduction under the Chapter . Appeal divided against revenue Delay condoned. Revenue appeal against HC accepted.
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