https://www.taxtmi.com/article/detailed?id=364 The Commissioner of Income Tax (Appeals) may examine any relevant matter, including issues not previously considered by the Assessing Officer, and decide entitlement to statutory exceptions when the necessary materials (such as balance sheet details, accumulated losses, paid up capital and realizable assets) are on record. Where those facts show a company meets the criteria of a sick industrial company, the proviso excluding such companies from the eight year carry forward restriction on unabsorbed depreciation may be applied by the appellate authority. en-us Tue, 12 May 2009 00:00:00 +0530 Tue, 12 May 2009 22:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=364 The Commissioner of Income Tax (Appeals) may examine any relevant matter, including issues not previously considered by the Assessing Officer, and decide entitlement to statutory exceptions when the necessary materials (such as balance sheet details, accumulated losses, paid up capital and realizable assets) are on record. Where those facts show a company meets the criteria of a sick industrial company, the proviso excluding such companies from the eight year carry forward restriction on unabsorbed depreciation may be applied by the appellate authority. Articles Income Tax Tue, 12 May 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=364