https://www.taxtmi.com/caselaws?id=235106 The High Court dismissed the Tax Appeal, upholding the Tribunal's decision that the Assessing Officer lacked jurisdiction to reopen the assessment under section 147 of the Income Tax Act, 1961. Consequently, the Court did not address the issue of allowing carry forward of unabsorbed depreciation under section 32 beyond eight assessment years, as the invalidity of the reopening proceedings rendered it unnecessary to delve into this matter. en-us Wed, 01 May 2013 00:00:00 +0530 Thu, 11 Jul 2013 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235106 The High Court dismissed the Tax Appeal, upholding the Tribunal's decision that the Assessing Officer lacked jurisdiction to reopen the assessment under section 147 of the Income Tax Act, 1961. Consequently, the Court did not address the issue of allowing carry forward of unabsorbed depreciation under section 32 beyond eight assessment years, as the invalidity of the reopening proceedings rendered it unnecessary to delve into this matter. Case-Laws Income Tax Wed, 01 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235106