Deduction claimed u/s, 80-IA not to be reduced from the profits of business while computing deduction under section 80HH

Facts

•           The taxpayer is engaged in the business of manufacture of empty hard gelatin capsules and PVDC capsules.

•           The taxpayer had set up four industrial undertakings in Mumbai and two in Pune.

•           One undertaking in Mumbai and one in Pune were eligible for deduction under section 80-IA and section 80HHC of the Income-tax Act (“ITA”).

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