https://www.taxtmi.com/caselaws?id=63474 The Tribunal recognized Unit-II as a separate industrial undertaking eligible for deductions under sections 80HH and 80-I, despite common management with Unit-I. Deductions from Unit-I's profits were allowed without considering Unit-II's losses. Depreciation on the increased cost of imported machinery due to exchange rate fluctuations was permitted. The claim for deduction of expenses from earlier years was allowed, and administrative expenses were allocated based on the installed capacity ratio. Certain income items were excluded from deductions, resulting in the dismissal of Revenue's appeals and partial allowance of the Assessee's appeals for the relevant assessment years. en-us Fri, 17 Jan 1997 00:00:00 +0530 Mon, 31 Jan 2011 11:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63474 The Tribunal recognized Unit-II as a separate industrial undertaking eligible for deductions under sections 80HH and 80-I, despite common management with Unit-I. Deductions from Unit-I's profits were allowed without considering Unit-II's losses. Depreciation on the increased cost of imported machinery due to exchange rate fluctuations was permitted. The claim for deduction of expenses from earlier years was allowed, and administrative expenses were allocated based on the installed capacity ratio. Certain income items were excluded from deductions, resulting in the dismissal of Revenue's appeals and partial allowance of the Assessee's appeals for the relevant assessment years. Case-Laws Income Tax Fri, 17 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63474