https://www.taxtmi.com/caselaws?id=65645 The Tribunal upheld the CIT(A)'s decision, allowing higher rates of depreciation based on technological evaluation and permitting the carry forward of unabsorbed depreciation by treating section 115J as non-existent. The appeal by the Revenue and the cross-objection by the assessee were dismissed, affirming that commercial depreciation exceeding Schedule XIV rates is permissible and that section 115J(2) nullifies section 115J(1) for determining carry forward amounts, consistent with judicial interpretations. en-us Fri, 08 Feb 2002 00:00:00 +0530 Fri, 18 Feb 2011 11:17:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65645 The Tribunal upheld the CIT(A)'s decision, allowing higher rates of depreciation based on technological evaluation and permitting the carry forward of unabsorbed depreciation by treating section 115J as non-existent. The appeal by the Revenue and the cross-objection by the assessee were dismissed, affirming that commercial depreciation exceeding Schedule XIV rates is permissible and that section 115J(2) nullifies section 115J(1) for determining carry forward amounts, consistent with judicial interpretations. Case-Laws Income Tax Fri, 08 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65645