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Computation of deduction u/s 80-IA is not restricted only to ‘Business Profit’ derived by an eligible unit: SC

April 28, 2021[2021] 127 69 (SC)

INCOME TAX : Scope of sub-section (5) of section 80-IA is limited to determination of quantum of deduction under sub-section (1) of section 80-IA by treating 'eligible business' as 'only source of income'. Sub-section (5) cannot be pressed into service for reading a limitation of deduction under sub-section (1) only to 'business income'

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