https://www.taxtmi.com/caselaws?id=336598 The appeal was filed against the CIT(A) order for A.Y. 2011-12, encompassing issues such as additions during assessment, invocation of provisions under the Act, and set-off of unabsorbed depreciation. The Assessing Officer's rectification order regarding depreciation set-off was set aside under section 263, prompting a challenge by the assessee. The delay in filing the appeal was condoned due to substantial tax implications. Ultimately, the decision aligned with legal precedents, allowing the set-off of unabsorbed depreciation against assessed income and contesting various disallowances and additions made during assessment proceedings. en-us Fri, 28 Oct 2016 00:00:00 +0530 Sat, 24 Dec 2016 07:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336598 The appeal was filed against the CIT(A) order for A.Y. 2011-12, encompassing issues such as additions during assessment, invocation of provisions under the Act, and set-off of unabsorbed depreciation. The Assessing Officer's rectification order regarding depreciation set-off was set aside under section 263, prompting a challenge by the assessee. The delay in filing the appeal was condoned due to substantial tax implications. Ultimately, the decision aligned with legal precedents, allowing the set-off of unabsorbed depreciation against assessed income and contesting various disallowances and additions made during assessment proceedings. Case-Laws Income Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336598