https://www.taxtmi.com/caselaws?id=178753 The Tribunal allowed the Assessee's appeals partly, directing the AO to permit the set off of unabsorbed depreciation for the specified years. The Tribunal held that unabsorbed depreciation from specific years should be allowed for carry forward and set off without any limit, in line with the Gujarat HC ruling. Other grounds related to lack of opportunity and non-consideration of submissions were dismissed. The appeals were treated as partly allowed, with the order pronounced on March 25, 2015. en-us Wed, 25 Mar 2015 00:00:00 +0530 Fri, 12 Feb 2016 10:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178753 The Tribunal allowed the Assessee's appeals partly, directing the AO to permit the set off of unabsorbed depreciation for the specified years. The Tribunal held that unabsorbed depreciation from specific years should be allowed for carry forward and set off without any limit, in line with the Gujarat HC ruling. Other grounds related to lack of opportunity and non-consideration of submissions were dismissed. The appeals were treated as partly allowed, with the order pronounced on March 25, 2015. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178753