Dismissing the appeal the Court held that Tribunal was justified in holding that it was mandatory to deduct depreciation allowable under section 32 while determining assessee’s entitlement to deduction under section 80­IB, even though assessee had not claimed such depreciation .Followed   Scoop Industries (P.) Ltd. v. ITO ( 2007)   289 ITR 195 (Bom)(HC ),  Plastiblends India Ltd. v. Addl. CIT ( 2009) 185 Taxman 187/ 318 ITR 352 (FB)) ( Bom)( HC)