https://www.taxtmi.com/caselaws?id=257039 The court found that the Tribunal failed to properly address whether the brought forward depreciation loss could be set off against capital gains for the assessment year. Emphasizing the core issue of set-off under Section 32(2)(iii) of the Income Tax Act, the court set aside the Tribunal's order. It directed a fresh consideration of all issues, including the applicability of the provision and relevant Supreme Court decisions, without awarding costs. en-us Tue, 20 Jan 2015 00:00:00 +0530 Sat, 28 Feb 2015 08:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257039 The court found that the Tribunal failed to properly address whether the brought forward depreciation loss could be set off against capital gains for the assessment year. Emphasizing the core issue of set-off under Section 32(2)(iii) of the Income Tax Act, the court set aside the Tribunal's order. It directed a fresh consideration of all issues, including the applicability of the provision and relevant Supreme Court decisions, without awarding costs. Case-Laws Income Tax Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257039