https://www.taxtmi.com/caselaws?id=119123 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow relief to the assessee regarding the unabsorbed depreciation issue. It was concluded that late filing of returns should not deny the claim of unabsorbed depreciation, as provisions for business loss and unabsorbed depreciation are independent. Additionally, the Tribunal upheld the allowance of expenditure on scientific research, as the assessee provided necessary payment details despite the Assessing Officer's claims of insufficient information. Consequently, both appeals were dismissed in favor of the assessee. en-us Mon, 31 Jan 2005 00:00:00 +0530 Mon, 09 Jul 2012 11:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119123 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow relief to the assessee regarding the unabsorbed depreciation issue. It was concluded that late filing of returns should not deny the claim of unabsorbed depreciation, as provisions for business loss and unabsorbed depreciation are independent. Additionally, the Tribunal upheld the allowance of expenditure on scientific research, as the assessee provided necessary payment details despite the Assessing Officer's claims of insufficient information. Consequently, both appeals were dismissed in favor of the assessee. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119123