https://www.taxtmi.com/caselaws?id=202032 The Court held that deduction under section 80HHA requires adjusting losses from non-industrial units before setting off against industrial undertaking income. The Court ruled in favor of the assessee regarding entitlement to depreciation for the plant and machinery of the menthol unit, affirming that the machinery being put to use for business purposes justified the allowance of depreciation. en-us Tue, 17 Nov 2009 00:00:00 +0530 Sat, 29 Dec 2012 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202032 The Court held that deduction under section 80HHA requires adjusting losses from non-industrial units before setting off against industrial undertaking income. The Court ruled in favor of the assessee regarding entitlement to depreciation for the plant and machinery of the menthol unit, affirming that the machinery being put to use for business purposes justified the allowance of depreciation. Case-Laws Income Tax Tue, 17 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202032