https://www.taxtmi.com/news?id=445 Central questions concern eligibility of a hospital as an industrial undertaking to claim unabsorbed depreciation on amalgamation and the validity of a reassessment notice where substantial set offs appear to have escaped assessment. The determination precludes treating the hospital as an industrial undertaking for carry forward and set off of unabsorbed depreciation, and upholds the authority to issue a notice reopening assessment where unauthorized set offs have caused potential loss of revenue, with a directive for disciplinary action against responsible officers. en-us Tue, 27 May 2008 23:37:00 +0530 Mon, 23 Jun 2008 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=445 Central questions concern eligibility of a hospital as an industrial undertaking to claim unabsorbed depreciation on amalgamation and the validity of a reassessment notice where substantial set offs appear to have escaped assessment. The determination precludes treating the hospital as an industrial undertaking for carry forward and set off of unabsorbed depreciation, and upholds the authority to issue a notice reopening assessment where unauthorized set offs have caused potential loss of revenue, with a directive for disciplinary action against responsible officers. News - Tue, 27 May 2008 23:37:00 +0530 https://www.taxtmi.com/news?id=445