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<h1>High Court rules unabsorbed losses, depreciation deducted before relief under section 80HH.</h1> The High Court of Gujarat held that unabsorbed losses and depreciation should be deducted prior to computing relief under section 80HH of the Income-tax ... Income Tax Act, Industrial Undertaking In Backward Area, Losses And Depreciation, Special Deduction, Total Income The High Court of Gujarat ruled that unabsorbed losses and depreciation must be deducted before calculating relief under section 80HH of the Income-tax Act, 1961. The court cited previous judgments and ruled in favor of the Revenue, dismissing the assessee's claim. The reference was disposed of with no costs.