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2011 (2) TMI 257 - MADRAS HIGH COURTDeduction u/s 80HHC - Book profit u/s.115JA / 115JB - Hon'ble Supreme Court in the decision reported in (2007 -TMI - 59372 - ITAT BOMBAY) (Ajanta Pharma Limited vs. Commissioner of Income-tax) - Held that: both "eligibility" as well as "deductibility" of the profit have got to be considered together for working of the deduction as mentioned in cl.(iv) of Explanation to Section 115JB - Accordingly the appeal is dismissed
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