https://www.taxtmi.com/caselaws?id=76913 The High Court dismissed the appeal, ruling in favor of the assessee on both issues of depreciation calculation and eligibility for deductions under sections 80HH and 80-I. The court upheld the Tribunal's decision, emphasizing that unabsorbed depreciation of the amalgamating company should not be deducted in computing the written down value of assets in the hands of the amalgamated company. Additionally, the court affirmed that the amalgamated company was entitled to the deductions under sections 80HH and 80-I, aligning with statutory provisions and precedents from the Bombay High Court. en-us Thu, 04 Oct 2007 00:00:00 +0530 Wed, 28 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76913 The High Court dismissed the appeal, ruling in favor of the assessee on both issues of depreciation calculation and eligibility for deductions under sections 80HH and 80-I. The court upheld the Tribunal's decision, emphasizing that unabsorbed depreciation of the amalgamating company should not be deducted in computing the written down value of assets in the hands of the amalgamated company. Additionally, the court affirmed that the amalgamated company was entitled to the deductions under sections 80HH and 80-I, aligning with statutory provisions and precedents from the Bombay High Court. Case-Laws Income Tax Thu, 04 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76913