https://www.taxtmi.com/caselaws?id=248535 The High Court dismissed the Revenue's appeal against the CIT(A)'s decision to allow the claim for unabsorbed depreciation of an amalgamating company without initially filing Form No.62 along with the return of income. The Court upheld the CIT(A)'s ruling, emphasizing that the filing of Form No.62 was not mandatory but directory. The Court noted that the CIT(A) correctly considered the form filed during reassessment proceedings and allowed the claim, highlighting the importance of procedural compliance and the discretion of authorities in tax matters. en-us Fri, 30 May 2014 00:00:00 +0530 Sun, 15 Jun 2014 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248535 The High Court dismissed the Revenue's appeal against the CIT(A)'s decision to allow the claim for unabsorbed depreciation of an amalgamating company without initially filing Form No.62 along with the return of income. The Court upheld the CIT(A)'s ruling, emphasizing that the filing of Form No.62 was not mandatory but directory. The Court noted that the CIT(A) correctly considered the form filed during reassessment proceedings and allowed the claim, highlighting the importance of procedural compliance and the discretion of authorities in tax matters. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248535