Rajasthan Petro Synthetics Ltd. vs Deputy Commissioner Of Income Tax

Whether Unit-II qualifies as a separate industrial undertaking for deductions under sections 80HH and 80-I --- Held Yes; Whether deduction under sections 80HH and 80-I should be allowed from profits of Unit-I without deducting loss incurred in Unit-II --- Held Yes; Whether depreciation under section 43A is allowable on increased liability due to exchange rate fluctuations for both actual payments and closing loan balances --- Held Yes; Whether administrative expenses should be allocated between units based on installed capacity ratio --- Held Yes.