Deduction u/s 80HHC under provisions of S.115JB will be limited to relief certified by CA

If the dichotomy between eligibility of profit and deductibility of profit is not kept in mind then section 115JB will cease to be a self-contained code. In Section 115JB, as in section 115JA, it has been clearly stated that relief will be computed u/s 80HHC (3)/(3A), subject to the conditions under sub-sections (4) and (4A) of that Section. The conditions are only that the relief should be certified by the Chartered Accountant. Such condition is not a qualifying condition, but, it is a compliance condition. Therefore, one cannot rely upon the last sentence in clause (iv) of Explanation to sec...