https://www.taxtmi.com/caselaws?id=121074 The Tribunal allowed the assessee's appeals for statistical purposes, remanding the matter to the Assessing Officer to determine the correct amount of brought forward loss or unabsorbed depreciation eligible for deduction under section 115JA(2)(iii) in accordance with the method outlined in CBDT Circular No. 495. The Tribunal held that the assessee's method of adjustment was incorrect and directed adherence to the prescribed method to align with the legislative intent of section 115JA. The order of the CIT (Appeals) was set aside, and the matter was sent back to the Assessing Officer for fresh determination. en-us Wed, 28 Mar 2007 00:00:00 +0530 Thu, 26 Jul 2012 13:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121074 The Tribunal allowed the assessee's appeals for statistical purposes, remanding the matter to the Assessing Officer to determine the correct amount of brought forward loss or unabsorbed depreciation eligible for deduction under section 115JA(2)(iii) in accordance with the method outlined in CBDT Circular No. 495. The Tribunal held that the assessee's method of adjustment was incorrect and directed adherence to the prescribed method to align with the legislative intent of section 115JA. The order of the CIT (Appeals) was set aside, and the matter was sent back to the Assessing Officer for fresh determination. Case-Laws Income Tax Wed, 28 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121074