https://www.taxtmi.com/caselaws?id=10046 The court held that unabsorbed depreciation should be allowed before unabsorbed investment allowance in computing income for the assessment years 1991-92 and 1992-93. The court emphasized the precedence of unabsorbed depreciation over unabsorbed investment allowance based on statutory provisions and judicial precedents. The appeals were dismissed, affirming the order of priority in favor of the Revenue. en-us Wed, 15 Sep 2004 00:00:00 +0530 Mon, 06 Jul 2009 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10046 The court held that unabsorbed depreciation should be allowed before unabsorbed investment allowance in computing income for the assessment years 1991-92 and 1992-93. The court emphasized the precedence of unabsorbed depreciation over unabsorbed investment allowance based on statutory provisions and judicial precedents. The appeals were dismissed, affirming the order of priority in favor of the Revenue. Case-Laws Income Tax Wed, 15 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10046