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The Board has accepted the settled position "that the disallowances made under Section 32, 40(a)(ia), 40A(3), 43B, etc. of the Act and other specific disallowances, related to the business activity against which the Chapter VI-A deduction has been claimed, result in enhancement of the profits of the eligible business, and that deduction under Chapter VI-A is admissible on the profits so enhanced by the disallowance".

Shanti Prime Publication Pvt. Ltd.

Sec. 28(i) of the Income-tax Act, 1961 - Business income - Disallowances made by the AO are related to the business activity against which deduction u/s 801A of the Act has been claimed which resulted in enhancement of the profits of the eligible business and hence deduction under Chapter VIA is admissible on the profit so enhanced by the disallowances. - DEPUTY CIT V/s TATA POWER DELHI DISTRIBUTION LTD. - [2020] 273 TAXMAN 058 (DEL)