https://www.taxtmi.com/caselaws?id=300534 Deduction under section 80IB cannot be denied in later years where it was allowed initially after examination, the dairy unit's operations remain unchanged, milk processing renders products marketable, and small-scale industrial status has not been withdrawn. Additional depreciation should not be rejected solely because the prescribed audit report was filed after the return; the procedural omission requires examination of substantive eligibility. Set-off of losses of amalgamated companies is unavailable where the amalgamating entities do not qualify as industrial undertakings by carrying on manufacturing or processing activity. The assessee receives relief on the deduction and depreciation issues but not on loss set-off. en-us Thu, 11 Aug 2011 00:00:00 +0530 Wed, 09 Feb 2022 10:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300534 Deduction under section 80IB cannot be denied in later years where it was allowed initially after examination, the dairy unit's operations remain unchanged, milk processing renders products marketable, and small-scale industrial status has not been withdrawn. Additional depreciation should not be rejected solely because the prescribed audit report was filed after the return; the procedural omission requires examination of substantive eligibility. Set-off of losses of amalgamated companies is unavailable where the amalgamating entities do not qualify as industrial undertakings by carrying on manufacturing or processing activity. The assessee receives relief on the deduction and depreciation issues but not on loss set-off. Case-Laws Income Tax Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300534