https://www.taxtmi.com/caselaws?id=338624 The Tribunal upheld the CIT(A)'s decision to allow the set off of unabsorbed depreciation from AY 1999-2000 against the income of AY 2008-09. The Tribunal dismissed the Revenue's appeal, citing the Gujarat High Court's ruling allowing indefinite carry forward and set off of unabsorbed depreciation post the amendment of Section 32(2) by Finance Act, 2001. en-us Tue, 07 Feb 2017 00:00:00 +0530 Wed, 08 Feb 2017 12:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338624 The Tribunal upheld the CIT(A)'s decision to allow the set off of unabsorbed depreciation from AY 1999-2000 against the income of AY 2008-09. The Tribunal dismissed the Revenue's appeal, citing the Gujarat High Court's ruling allowing indefinite carry forward and set off of unabsorbed depreciation post the amendment of Section 32(2) by Finance Act, 2001. Case-Laws Income Tax Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338624