https://www.taxtmi.com/caselaws?id=188094 The Tribunal's order denying the carry forward of losses and depreciation due to opting out of section 10A for certain assessment years was challenged in the appeals. The court ruled in favor of the assessee, allowing the appeals and granting the benefit of depreciation and business loss in accordance with the law. The court emphasized that opting out of section 10A for specific years does not preclude the assessee from availing benefits under normal provisions of the Income Tax Act for losses and depreciation incurred during those years. en-us Fri, 23 Jan 2015 00:00:00 +0530 Fri, 18 Nov 2016 09:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188094 The Tribunal's order denying the carry forward of losses and depreciation due to opting out of section 10A for certain assessment years was challenged in the appeals. The court ruled in favor of the assessee, allowing the appeals and granting the benefit of depreciation and business loss in accordance with the law. The court emphasized that opting out of section 10A for specific years does not preclude the assessee from availing benefits under normal provisions of the Income Tax Act for losses and depreciation incurred during those years. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188094