https://www.taxtmi.com/caselaws?id=269386 The High Court upheld the disallowance of depreciation and investment allowance for the AY 1984-85, ruling that the cement business and fertilizer business were separate entities as the cement unit had not commenced production by the specified date. Despite the appellant's argument that both businesses constituted the same entity, the Court found that the machinery for the cement unit was not operational by the deadline. Consequently, the appeal was dismissed, affirming the disallowance of depreciation and investment allowance. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 05 Mar 2016 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269386 The High Court upheld the disallowance of depreciation and investment allowance for the AY 1984-85, ruling that the cement business and fertilizer business were separate entities as the cement unit had not commenced production by the specified date. Despite the appellant's argument that both businesses constituted the same entity, the Court found that the machinery for the cement unit was not operational by the deadline. Consequently, the appeal was dismissed, affirming the disallowance of depreciation and investment allowance. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269386