https://www.taxtmi.com/caselaws?id=347354 The Tribunal upheld the Ld. CIT(A)'s decision allowing the assessee to set off unabsorbed depreciation against income from other sources. The appeal by the Revenue challenging the order under section 154 disallowing the set off of brought forward losses was dismissed. The Tribunal emphasized legal provisions and case laws, supporting the correctness of the Ld. CIT(A)'s order and finding no rectifiable mistake in the AO's assessment under section 154. en-us Fri, 25 Aug 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347354 The Tribunal upheld the Ld. CIT(A)'s decision allowing the assessee to set off unabsorbed depreciation against income from other sources. The appeal by the Revenue challenging the order under section 154 disallowing the set off of brought forward losses was dismissed. The Tribunal emphasized legal provisions and case laws, supporting the correctness of the Ld. CIT(A)'s order and finding no rectifiable mistake in the AO's assessment under section 154. Case-Laws Income Tax Fri, 25 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347354