https://www.taxtmi.com/caselaws?id=169789 The Tribunal partly allowed the assessee's appeal for statistical purposes. The Assessing Officer's disallowance of depreciation on plant and machinery was to be reconsidered due to discrepancies in asset usage. The denial of set off of carried forward unabsorbed depreciation against short term capital gain was upheld, as depreciation adjustments were limited to business income. The treatment of rental income from the factory was remanded for further examination to determine if it should be assessed under 'house property'. The Tribunal's order was issued on 26.11.2008. en-us Wed, 26 Nov 2008 00:00:00 +0530 Tue, 05 May 2015 11:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169789 The Tribunal partly allowed the assessee's appeal for statistical purposes. The Assessing Officer's disallowance of depreciation on plant and machinery was to be reconsidered due to discrepancies in asset usage. The denial of set off of carried forward unabsorbed depreciation against short term capital gain was upheld, as depreciation adjustments were limited to business income. The treatment of rental income from the factory was remanded for further examination to determine if it should be assessed under 'house property'. The Tribunal's order was issued on 26.11.2008. Case-Laws Income Tax Wed, 26 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169789