https://www.taxtmi.com/caselaws?id=204070 The Court dismissed the appeals related to assessment years 2000-01 and 2001-02, ruling that the Assessing Officer's correction of unabsorbed depreciation amounts was not justified under section 154 of the Income-tax Act. The Court held that the correction was a matter of interpretation, not a clear error, and cited relevant case laws to support its decision. The judgment emphasized that no question of law arose from the case, highlighting the importance of adhering to established legal precedents in tax assessments. en-us Fri, 25 Mar 2011 00:00:00 +0530 Thu, 20 Dec 2012 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204070 The Court dismissed the appeals related to assessment years 2000-01 and 2001-02, ruling that the Assessing Officer's correction of unabsorbed depreciation amounts was not justified under section 154 of the Income-tax Act. The Court held that the correction was a matter of interpretation, not a clear error, and cited relevant case laws to support its decision. The judgment emphasized that no question of law arose from the case, highlighting the importance of adhering to established legal precedents in tax assessments. Case-Laws Income Tax Fri, 25 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204070