Section 80IB(4) Deductions: Depreciation u/s 32 Applies Only Post-April 1, 2002, Not Retroactively.

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....Profits eligible for deduction under Section 80IB (4) of the Act though are necessarily to be computed after allowing depreciation under Section 32 of the Act, but the same would apply only from April 1, 2002, when the amendment came into force and will not apply to earlier years - HC....