https://www.taxtmi.com/caselaws?id=339392 The appeal by the assessee is partly allowed, and the appeals by the Revenue are dismissed. The Tribunal directed the Assessing Officer to allow the unabsorbed depreciation to be carried forward and to allocate interest and depreciation proportionately for the relevant assessment year. The Tribunal also dismissed the Revenue's challenge regarding the admissibility of additional evidence and found Section 38(2) inapplicable in this case. en-us Mon, 19 Dec 2016 00:00:00 +0530 Sat, 25 Feb 2017 14:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339392 The appeal by the assessee is partly allowed, and the appeals by the Revenue are dismissed. The Tribunal directed the Assessing Officer to allow the unabsorbed depreciation to be carried forward and to allocate interest and depreciation proportionately for the relevant assessment year. The Tribunal also dismissed the Revenue's challenge regarding the admissibility of additional evidence and found Section 38(2) inapplicable in this case. Case-Laws Income Tax Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339392