https://www.taxtmi.com/caselaws?id=463357 Deduction under section 80HHC was allowed on book profits under section 115JB despite nil eligible profits under normal computation, because binding precedent covered the issue in the assessee's favour. Amortisation of share issue expenditure under section 35D was also allowed, following an earlier decision involving the same assessee for a prior assessment year. Higher depreciation at 25% on electrical installations was rejected; the court treated factory electrical installations as eligible only for the lower applicable rate and declined to interfere with the depreciation already granted. Relief was therefore granted to the assessee on the first two issues, while the depreciation issue was decided for the Department. en-us Wed, 25 Jan 2017 00:00:00 +0530 Wed, 27 Aug 2025 19:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463357 Deduction under section 80HHC was allowed on book profits under section 115JB despite nil eligible profits under normal computation, because binding precedent covered the issue in the assessee's favour. Amortisation of share issue expenditure under section 35D was also allowed, following an earlier decision involving the same assessee for a prior assessment year. Higher depreciation at 25% on electrical installations was rejected; the court treated factory electrical installations as eligible only for the lower applicable rate and declined to interfere with the depreciation already granted. Relief was therefore granted to the assessee on the first two issues, while the depreciation issue was decided for the Department. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463357