https://www.taxtmi.com/caselaws?id=66863 The ITAT Indore considered the issue of allowing deduction under section 80HH before adjusting past losses. The Tribunal concluded that unabsorbed depreciation should not be deducted from business income for computing the deduction under section 80HH. It directed the Assessing Officer to allow the deduction after adjusting brought forward business losses against the current year's profits and gains, partially allowing the appeal and reversing the CIT(A)'s order on this ground. en-us Thu, 30 Jan 1992 00:00:00 +0530 Mon, 07 Mar 2011 17:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66863 The ITAT Indore considered the issue of allowing deduction under section 80HH before adjusting past losses. The Tribunal concluded that unabsorbed depreciation should not be deducted from business income for computing the deduction under section 80HH. It directed the Assessing Officer to allow the deduction after adjusting brought forward business losses against the current year's profits and gains, partially allowing the appeal and reversing the CIT(A)'s order on this ground. Case-Laws Income Tax Thu, 30 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66863