https://www.taxtmi.com/caselaws?id=69053 The Tribunal held that the assessee is entitled to carry forward the unabsorbed investment allowance even in loss years, aligning with the legislative intent to provide investment incentives. Additionally, the Tribunal found the Commissioner of Income-tax's revision orders invalid as they were time-barred, ultimately setting aside the orders and restoring the Assessing Officer's original assessments, thereby allowing the assessee's appeals. en-us Wed, 12 Feb 1992 00:00:00 +0530 Mon, 04 Apr 2011 17:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69053 The Tribunal held that the assessee is entitled to carry forward the unabsorbed investment allowance even in loss years, aligning with the legislative intent to provide investment incentives. Additionally, the Tribunal found the Commissioner of Income-tax's revision orders invalid as they were time-barred, ultimately setting aside the orders and restoring the Assessing Officer's original assessments, thereby allowing the assessee's appeals. Case-Laws Income Tax Wed, 12 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69053