https://www.taxtmi.com/caselaws?id=344278 The Tribunal allowed the assessee's appeals concerning the set-off of carry forward depreciation for the assessment years 2009-10 and 2010-11. The Commissioner of Income Tax (Appeals) directed the Assessing Officer to permit the set-off of unabsorbed depreciation without the eight-year restriction, based on judicial precedents and legislative amendments removing such limitations. The Tribunal upheld this decision, allowing the assessee to carry forward unabsorbed depreciation from 1997-98 to 2001-02 without time constraints. All appeals were allowed, and the order was issued on June 9, 2017. en-us Fri, 09 Jun 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344278 The Tribunal allowed the assessee's appeals concerning the set-off of carry forward depreciation for the assessment years 2009-10 and 2010-11. The Commissioner of Income Tax (Appeals) directed the Assessing Officer to permit the set-off of unabsorbed depreciation without the eight-year restriction, based on judicial precedents and legislative amendments removing such limitations. The Tribunal upheld this decision, allowing the assessee to carry forward unabsorbed depreciation from 1997-98 to 2001-02 without time constraints. All appeals were allowed, and the order was issued on June 9, 2017. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344278