https://www.taxtmi.com/caselaws?id=362053 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO, emphasizing that unabsorbed depreciation of one eligible unit cannot be adjusted with the profit of another eligible unit under Section 10B of the Income Tax Act. The ITAT dismissed the department's appeal, aligning with the Supreme Court's precedent and previous ITAT rulings, reaffirming the independent treatment of deductions for eligible undertakings. The judgment clarified the correct application of tax provisions and upheld the decision in favor of the assessee. en-us Tue, 12 Jun 2018 00:00:00 +0530 Mon, 18 Jun 2018 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362053 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO, emphasizing that unabsorbed depreciation of one eligible unit cannot be adjusted with the profit of another eligible unit under Section 10B of the Income Tax Act. The ITAT dismissed the department's appeal, aligning with the Supreme Court's precedent and previous ITAT rulings, reaffirming the independent treatment of deductions for eligible undertakings. The judgment clarified the correct application of tax provisions and upheld the decision in favor of the assessee. Case-Laws Income Tax Tue, 12 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362053