https://www.taxtmi.com/caselaws?id=261682 The Tribunal confirmed the order of the Learned Commissioner of Income Tax (A)-I, Coimbatore, allowing the adjustment of unabsorbed depreciation against Long Term Capital Gain for the assessment year. Citing relevant legal provisions and judicial precedents, the Tribunal dismissed Revenue's appeal, emphasizing the applicability of section 32(2) for carry forward of unabsorbed depreciation. The decision was in favor of the assessee, with the order pronounced on 10th July 2015 in Chennai. en-us Fri, 10 Jul 2015 00:00:00 +0530 Mon, 20 Jul 2015 09:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261682 The Tribunal confirmed the order of the Learned Commissioner of Income Tax (A)-I, Coimbatore, allowing the adjustment of unabsorbed depreciation against Long Term Capital Gain for the assessment year. Citing relevant legal provisions and judicial precedents, the Tribunal dismissed Revenue's appeal, emphasizing the applicability of section 32(2) for carry forward of unabsorbed depreciation. The decision was in favor of the assessee, with the order pronounced on 10th July 2015 in Chennai. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261682