https://www.taxtmi.com/caselaws?id=332816 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal. The decision was based on the authoritative ruling of the Gujarat High Court in General Motors India (P) Ltd., allowing the carry forward of unabsorbed depreciation without any time limit, overriding the Special Bench decision in Times Guarantee Ltd. The appeal by the Revenue was dismissed, and the CIT(A)'s order was affirmed. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 27 Sep 2016 12:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332816 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal. The decision was based on the authoritative ruling of the Gujarat High Court in General Motors India (P) Ltd., allowing the carry forward of unabsorbed depreciation without any time limit, overriding the Special Bench decision in Times Guarantee Ltd. The appeal by the Revenue was dismissed, and the CIT(A)'s order was affirmed. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332816