https://www.taxtmi.com/caselaws?id=351390 The High Court ruled that the assessee is eligible for the setoff of unabsorbed depreciation for the assessment years 1993-94 to 1995-96 against the income for the assessment year 2003-04. The ITAT set aside the Commissioner of Income Tax (Appeals) order and directed the AO to allow the setoff of unabsorbed depreciation. The appeal of the assessee was allowed, and the judgment was pronounced on 31st October 2017. en-us Tue, 31 Oct 2017 00:00:00 +0530 Mon, 12 Feb 2018 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351390 The High Court ruled that the assessee is eligible for the setoff of unabsorbed depreciation for the assessment years 1993-94 to 1995-96 against the income for the assessment year 2003-04. The ITAT set aside the Commissioner of Income Tax (Appeals) order and directed the AO to allow the setoff of unabsorbed depreciation. The appeal of the assessee was allowed, and the judgment was pronounced on 31st October 2017. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351390