https://www.taxtmi.com/caselaws?id=152702 The court ruled in favor of the petitioner, a limited company, in a case challenging the disallowance of carried forward unabsorbed depreciation and investment allowance under section 143(1)(a) of the Income-tax Act. The court found that the respondent authorities acted without jurisdiction and contrary to the Act's provisions in making the disallowances. The court also held that the orders made under sections 154 and 264 were unsustainable due to errors in law and misinterpretation of relevant provisions. Consequently, the court quashed the intimations and orders, ruling in favor of the petitioner with no costs imposed. en-us Mon, 22 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2014 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152702 The court ruled in favor of the petitioner, a limited company, in a case challenging the disallowance of carried forward unabsorbed depreciation and investment allowance under section 143(1)(a) of the Income-tax Act. The court found that the respondent authorities acted without jurisdiction and contrary to the Act's provisions in making the disallowances. The court also held that the orders made under sections 154 and 264 were unsustainable due to errors in law and misinterpretation of relevant provisions. Consequently, the court quashed the intimations and orders, ruling in favor of the petitioner with no costs imposed. Case-Laws Income Tax Mon, 22 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152702