https://www.taxtmi.com/caselaws?id=270441 The High Court allowed full depreciation on plant and machinery for the assessee as the assets were acquired in the previous year but not put to use until the next year. However, the court ruled that losses from other units must be adjusted against profits of eligible units before computing deductions under Sections 80HH and 80I of the Income Tax Act, 1961. en-us Thu, 24 Sep 2015 00:00:00 +0530 Tue, 05 Jan 2016 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270441 The High Court allowed full depreciation on plant and machinery for the assessee as the assets were acquired in the previous year but not put to use until the next year. However, the court ruled that losses from other units must be adjusted against profits of eligible units before computing deductions under Sections 80HH and 80I of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270441