https://www.taxtmi.com/caselaws?id=184847 The ITAT allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the disallowance of depreciation on imported moulds and the deduction under section 80-IA. The Assessing Officer was instructed to verify the use of moulds for production and sale of goods and to properly allocate expenses to determine the profit of Unit II. The ITAT emphasized compliance with legal provisions in allowing the depreciation claim and deduction under section 80-IA. en-us Tue, 31 May 2005 00:00:00 +0530 Fri, 22 Jul 2016 13:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184847 The ITAT allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the disallowance of depreciation on imported moulds and the deduction under section 80-IA. The Assessing Officer was instructed to verify the use of moulds for production and sale of goods and to properly allocate expenses to determine the profit of Unit II. The ITAT emphasized compliance with legal provisions in allowing the depreciation claim and deduction under section 80-IA. Case-Laws Income Tax Tue, 31 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184847