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2018 (11) TMI 1049 - AT - Income TaxComputation of deduction u/s 80IB(9) - profit of eligible and non-eligible units - Held that:- The deduction u/s 80IB(9) has to be computed in terms of sec.80IB of the Act. Sec. 80IB(13) of the Act provides that the provisions of sec. 80IA(5) shall apply and under the provisions of sec.80IA(5), the profits and gains of eligible business, for the purposes of sec. 80IB, shall be computed as if such eligible business were the only source of income of the assessee. In view of these provisions, the deduction u/s 80IB(9) has to be computed after ascertaining profits and gains of eligible business in terms of sec 80IA(5) of the Act. Hence there is no scope to adjust expenses relating to other “undertakings” while computing deduction u/s 80IB(9) of the Act. Hence, we are of the view that the decision rendered by CIT(A) does not call for any interference and accordingly we uphold the same.
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