https://www.taxtmi.com/caselaws?id=330491 The Tax Appeal challenging the Tribunal's order regarding deduction under section 80 IA and treatment of unabsorbed depreciation was dismissed by the High Court. The Court upheld the Tribunal's decision based on the precedent set in previous cases like Velayudhaswamy Spinning Mills Pvt. Ltd. The Court emphasized the binding nature of the High Court's judgment on authorities in relevant states, leading to the dismissal of the appeal in favor of the assessee. en-us Wed, 13 Jul 2016 00:00:00 +0530 Wed, 27 Jul 2016 12:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330491 The Tax Appeal challenging the Tribunal's order regarding deduction under section 80 IA and treatment of unabsorbed depreciation was dismissed by the High Court. The Court upheld the Tribunal's decision based on the precedent set in previous cases like Velayudhaswamy Spinning Mills Pvt. Ltd. The Court emphasized the binding nature of the High Court's judgment on authorities in relevant states, leading to the dismissal of the appeal in favor of the assessee. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330491