https://www.taxtmi.com/caselaws?id=268822 The Tribunal allowed the appeal regarding the disallowance of set-off of unabsorbed depreciation for the 100% Export Oriented Unit (EOU) for the relevant assessment year. The Tribunal held that the unabsorbed depreciation related to the EOU could be set off against profits for the assessment year, contrary to the lower authorities' decisions. Additionally, the matter of condonation of delay in filing the appeal was remanded back to the CIT(A) for fresh adjudication. en-us Tue, 22 Sep 2015 00:00:00 +0530 Wed, 02 Dec 2015 22:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268822 The Tribunal allowed the appeal regarding the disallowance of set-off of unabsorbed depreciation for the 100% Export Oriented Unit (EOU) for the relevant assessment year. The Tribunal held that the unabsorbed depreciation related to the EOU could be set off against profits for the assessment year, contrary to the lower authorities' decisions. Additionally, the matter of condonation of delay in filing the appeal was remanded back to the CIT(A) for fresh adjudication. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268822