https://www.taxtmi.com/caselaws?id=185097 The Tribunal dismissed the revenue's appeal challenging the CIT(A)'s decision to disallow depreciation on fixed assets, as the revenue failed to provide evidence to counter the factual findings. The Tribunal also dismissed the appeal regarding incorrectness and incompleteness of books of account due to a typographical error and the tax effect being below the limit for filing appeals. Additionally, the Tribunal upheld the direction to allow carry forward of brought forward losses, as the assessee had filed all previous years' returns and the assessed loss should be allowed as per section 72. en-us Wed, 02 Dec 2009 00:00:00 +0530 Sat, 30 Jul 2016 15:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185097 The Tribunal dismissed the revenue's appeal challenging the CIT(A)'s decision to disallow depreciation on fixed assets, as the revenue failed to provide evidence to counter the factual findings. The Tribunal also dismissed the appeal regarding incorrectness and incompleteness of books of account due to a typographical error and the tax effect being below the limit for filing appeals. Additionally, the Tribunal upheld the direction to allow carry forward of brought forward losses, as the assessee had filed all previous years' returns and the assessed loss should be allowed as per section 72. Case-Laws Income Tax Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185097