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2005 (5) TMI 37 - HC - Income TaxDeduction under section 80HHC and section 80-I - New Industrial Undertaking - Assessing Officer held that a deduction is required to be first made under section 80HHC of the Act and thereafter from the residual gross total income a deduction can be made under section 80-I - "Whether the assessee is entitled to deduction/benefit under section 80-I on the gross total income without excluding/reducing deduction allowed under section 80HH?" - we answer the question in the affirmative and in favour of the assessee and against the Revenue.
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