https://www.taxtmi.com/caselaws?id=233567 The court upheld the Tribunal's decision that the benefit of deduction under section 80HHC can only be claimed after adjusting for unabsorbed depreciation of earlier years. Citing relevant case law and statutory provisions, the court dismissed the appeal, affirming that deductions under section 80HHC are contingent upon positive profits determined after factoring in unabsorbed depreciation and losses. The Tribunal's order was deemed legally sound and free from error, leading to the dismissal of the appeal. en-us Tue, 19 Feb 2013 00:00:00 +0530 Fri, 28 Jun 2013 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233567 The court upheld the Tribunal's decision that the benefit of deduction under section 80HHC can only be claimed after adjusting for unabsorbed depreciation of earlier years. Citing relevant case law and statutory provisions, the court dismissed the appeal, affirming that deductions under section 80HHC are contingent upon positive profits determined after factoring in unabsorbed depreciation and losses. The Tribunal's order was deemed legally sound and free from error, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233567