https://www.taxtmi.com/caselaws?id=254668 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee, allowing the set off of unabsorbed depreciation from previous years against rental income assessed under 'income from other sources' for the years 2006-07 to 2009-10. Citing favorable case law from the Calcutta and Madras High Courts, along with a Third Member decision from the Cochin Bench, the Tribunal directed the Assessing Officer to permit the set off. The decision provided clarity on the legal interpretation and application of provisions regarding unabsorbed depreciation set off, leading to the allowance of all four appeals by the assessee. en-us Wed, 26 Nov 2014 00:00:00 +0530 Sun, 28 Dec 2014 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254668 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee, allowing the set off of unabsorbed depreciation from previous years against rental income assessed under 'income from other sources' for the years 2006-07 to 2009-10. Citing favorable case law from the Calcutta and Madras High Courts, along with a Third Member decision from the Cochin Bench, the Tribunal directed the Assessing Officer to permit the set off. The decision provided clarity on the legal interpretation and application of provisions regarding unabsorbed depreciation set off, leading to the allowance of all four appeals by the assessee. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254668