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2015 (1) TMI 704 - GUJARAT HIGH COURTDeduction u/s. 80HHC and 80IA - Tribunal allowed the deduction on gross total income inclusive of income from other sources - Held that:- The Appellate Tribunal is right in law and on facts in allowing the deduction u/s. 80HHC and 80IA on gross total income inclusive of income from other sources. - Decided in favour of assessee. Depreciation allowance - Whether no claim for depreciation has been made in the return, the Income-Tax Officer should estimate the income without allowing depreciation allowance? - Held that:- As far as newly added question is concerned, there also we hold that the the Appellate Tribunal is right in law and on facts in holding that depreciation not claimed for by the assessee, cannot be allowed as a deduction despite the introduction of the concept of block assets. Decided in favour of assessee.
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