https://www.taxtmi.com/caselaws?id=26575 The court held that the Appellate Tribunal erred in allowing deductions under section 80-I before setting off unabsorbed depreciation and development rebate. The assessee was not entitled to these deductions on profits from priority industries without deducting unabsorbed amounts from earlier years. The judgment favored the Revenue, with no costs ordered. en-us Fri, 16 May 1986 00:00:00 +0530 Sat, 06 Feb 2010 11:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26575 The court held that the Appellate Tribunal erred in allowing deductions under section 80-I before setting off unabsorbed depreciation and development rebate. The assessee was not entitled to these deductions on profits from priority industries without deducting unabsorbed amounts from earlier years. The judgment favored the Revenue, with no costs ordered. Case-Laws Income Tax Fri, 16 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26575