https://www.taxtmi.com/caselaws?id=267825 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, affirming the allowance of depreciation on closing WDV, permitting the set off of brought forward deficits, and directing the AO to allow the set off of excess expenditure with the stipulated condition regarding loan repayments. The direction to allow accumulation u/s.11(2) was deemed academic and not adjudicated. en-us Wed, 30 Sep 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267825 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, affirming the allowance of depreciation on closing WDV, permitting the set off of brought forward deficits, and directing the AO to allow the set off of excess expenditure with the stipulated condition regarding loan repayments. The direction to allow accumulation u/s.11(2) was deemed academic and not adjudicated. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267825