https://www.taxtmi.com/caselaws?id=255099 The tribunal partly allowed the assessee's appeal, remanding the disallowance u/s.14A for further examination by the CIT(A). The tribunal dismissed the appeal regarding the non-allowance of set off of long term capital loss for A.Y. 2005-06, stating no carry forward was permissible without acceptance of the loss. Additionally, the tribunal denied the depreciation claim on a 'leased premises' due to property vacation, emphasizing the necessity of ownership and usage for depreciation claims. The appeal was dismissed based on non-usage in any previous year under section 32(1)(iii). en-us Tue, 30 Sep 2014 00:00:00 +0530 Wed, 07 Jan 2015 19:45:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255099 The tribunal partly allowed the assessee's appeal, remanding the disallowance u/s.14A for further examination by the CIT(A). The tribunal dismissed the appeal regarding the non-allowance of set off of long term capital loss for A.Y. 2005-06, stating no carry forward was permissible without acceptance of the loss. Additionally, the tribunal denied the depreciation claim on a 'leased premises' due to property vacation, emphasizing the necessity of ownership and usage for depreciation claims. The appeal was dismissed based on non-usage in any previous year under section 32(1)(iii). Case-Laws Income Tax Tue, 30 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255099