https://www.taxtmi.com/caselaws?id=262348 The Tribunal held that the Commissioner of Income Tax erred in exercising jurisdiction under Section 263 of the Income Tax Act. The appeal was accepted, setting aside the impugned order. The Tribunal upheld the Assessing Officer's decision allowing the carry forward and set off of unabsorbed depreciation for the assessment years 1996-97 and 1997-98 against the profits of the assessment year 2006-07. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sat, 08 Aug 2015 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262348 The Tribunal held that the Commissioner of Income Tax erred in exercising jurisdiction under Section 263 of the Income Tax Act. The appeal was accepted, setting aside the impugned order. The Tribunal upheld the Assessing Officer's decision allowing the carry forward and set off of unabsorbed depreciation for the assessment years 1996-97 and 1997-98 against the profits of the assessment year 2006-07. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262348