Depreciation has to be taken into account for computing profits eligible for deduction U/s. 80-IA

Advocate Akhilesh Kumar Sah Plastiblends India Limited Vs Addl. Commissioner of Income Tax (Supreme Court of India) Section 80-IA of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) provides deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. Recently, in Plastiblends India Ltd. vs. ACIT[Civil Appeal No. 238 Of 2012 with Civil Appeal Nos. 12828 Of 2017, 12757 Of 2017,12758 Of 2017, 12762 Of 2017, 540 Of 2012, 529 Of 2012, 531 Of 2012, 532 Of 2012, 530 Of 2012, 535 Of 2012, 536 Of 2012, 533 Of 201...