https://www.taxtmi.com/caselaws?id=325348 The Revenue's appeal challenging the CIT(A) order on the limitation of 8 years for carry forward and set off of unabsorbed depreciation was rendered nonest by the Pune Bench of the Tribunal. The Tribunal found the AO's actions regarding unabsorbed depreciation to be correct, meeting the conditions for CIT jurisdiction under section 263. Consequently, the Tribunal canceled the section 263 order, rendering the Revenue's appeal infructuous, which was ultimately dismissed on 30.12.2015. en-us Wed, 30 Dec 2015 00:00:00 +0530 Thu, 17 Mar 2016 10:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325348 The Revenue's appeal challenging the CIT(A) order on the limitation of 8 years for carry forward and set off of unabsorbed depreciation was rendered nonest by the Pune Bench of the Tribunal. The Tribunal found the AO's actions regarding unabsorbed depreciation to be correct, meeting the conditions for CIT jurisdiction under section 263. Consequently, the Tribunal canceled the section 263 order, rendering the Revenue's appeal infructuous, which was ultimately dismissed on 30.12.2015. Case-Laws Income Tax Wed, 30 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325348