https://www.taxtmi.com/caselaws?id=220205 The appeals of the assessee were partly allowed, and the appeals of the revenue were dismissed. The Tribunal upheld the validity of the reassessment proceedings but found that the disallowance of depreciation could not be sustained. The Tribunal directed the AO to recalculate depreciation and allow the claim of the assessee regarding the setting off of brought forward business loss and unabsorbed depreciation. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 03 Jan 2013 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220205 The appeals of the assessee were partly allowed, and the appeals of the revenue were dismissed. The Tribunal upheld the validity of the reassessment proceedings but found that the disallowance of depreciation could not be sustained. The Tribunal directed the AO to recalculate depreciation and allow the claim of the assessee regarding the setting off of brought forward business loss and unabsorbed depreciation. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220205