https://www.taxtmi.com/caselaws?id=237698 The Court directed the Settlement Commission to recall its order for the assessment years 2009-10 and 2010-11 for fresh disposal due to the Commission's failure to consider the petitioner's claim regarding unabsorbed depreciation. The Court emphasized that the Commission should have taken this crucial aspect into account, allowing the petitioner to set-off income against unabsorbed depreciation. The petitioner was granted a new time limit to fulfill any additional tax liabilities resulting from the fresh order, considering taxes already deposited. en-us Wed, 13 Mar 2013 00:00:00 +0530 Sat, 05 Oct 2013 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237698 The Court directed the Settlement Commission to recall its order for the assessment years 2009-10 and 2010-11 for fresh disposal due to the Commission's failure to consider the petitioner's claim regarding unabsorbed depreciation. The Court emphasized that the Commission should have taken this crucial aspect into account, allowing the petitioner to set-off income against unabsorbed depreciation. The petitioner was granted a new time limit to fulfill any additional tax liabilities resulting from the fresh order, considering taxes already deposited. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237698