https://www.taxtmi.com/caselaws?id=63533 The Tribunal held that the Assessing Officer's adjustment under section 143(1)(a) disallowing the set-off of brought forward unabsorbed depreciation against income from short-term capital gains was incorrect. The Tribunal emphasized that such debatable issues should be addressed in proceedings under section 143(3) and that the AO should not take advantage of the assessee's mistakes. The Tribunal set aside the tax authorities' orders, allowing the appeal in favor of the assessee. en-us Wed, 17 Apr 2002 00:00:00 +0530 Mon, 31 Jan 2011 15:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63533 The Tribunal held that the Assessing Officer's adjustment under section 143(1)(a) disallowing the set-off of brought forward unabsorbed depreciation against income from short-term capital gains was incorrect. The Tribunal emphasized that such debatable issues should be addressed in proceedings under section 143(3) and that the AO should not take advantage of the assessee's mistakes. The Tribunal set aside the tax authorities' orders, allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 17 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63533