https://www.taxtmi.com/caselaws?id=68468 The Tribunal dismissed the assessee's appeal, upholding the orders of the CIT(A) on all issues. The priority of set-off was determined in favor of unabsorbed depreciation over unabsorbed investment allowance. The availability of unabsorbed investment allowance for a specific assessment year was denied based on relevant legal precedents. The set-off of deficiency under Section 80J was disallowed due to exceeding the prescribed assessment year limit. Disallowance of textile cess under Section 43B was upheld as it was considered a trading receipt. Lastly, the computation of deduction under Section 80HH was dismissed following legal interpretations. en-us Thu, 30 Nov 2000 00:00:00 +0530 Wed, 30 Mar 2011 15:53:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68468 The Tribunal dismissed the assessee's appeal, upholding the orders of the CIT(A) on all issues. The priority of set-off was determined in favor of unabsorbed depreciation over unabsorbed investment allowance. The availability of unabsorbed investment allowance for a specific assessment year was denied based on relevant legal precedents. The set-off of deficiency under Section 80J was disallowed due to exceeding the prescribed assessment year limit. Disallowance of textile cess under Section 43B was upheld as it was considered a trading receipt. Lastly, the computation of deduction under Section 80HH was dismissed following legal interpretations. Case-Laws Income Tax Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68468