https://www.taxtmi.com/caselaws?id=65128 The Tribunal upheld the CIT(A)'s decision that unabsorbed carry forward depreciation must be deducted when computing business profits for section 80HHC deductions. The Assessing Officer was deemed justified in rectifying the order under section 154 as the issue was not addressed by the CIT(A) and was not considered debatable due to the provisions of section 32(2). The appeal by the assessee was dismissed. en-us Fri, 17 Feb 2006 00:00:00 +0530 Sat, 12 Feb 2011 14:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65128 The Tribunal upheld the CIT(A)'s decision that unabsorbed carry forward depreciation must be deducted when computing business profits for section 80HHC deductions. The Assessing Officer was deemed justified in rectifying the order under section 154 as the issue was not addressed by the CIT(A) and was not considered debatable due to the provisions of section 32(2). The appeal by the assessee was dismissed. Case-Laws Income Tax Fri, 17 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65128