https://www.taxtmi.com/caselaws?id=358029 The Court dismissed the appeal, finding no substantial question of law arising from the interpretation of Section 263 of the Income Tax Act, 1961. The Tribunal's decision to allow the setoff of brought forward loss and carry forward unabsorbed depreciation was upheld, relying on previous judgments. The Assessing Officer's order was deemed to be in accordance with the law, and the Commissioner of Income Tax's interference under Section 263 was rejected. en-us Tue, 20 Feb 2018 00:00:00 +0530 Wed, 04 Apr 2018 06:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358029 The Court dismissed the appeal, finding no substantial question of law arising from the interpretation of Section 263 of the Income Tax Act, 1961. The Tribunal's decision to allow the setoff of brought forward loss and carry forward unabsorbed depreciation was upheld, relying on previous judgments. The Assessing Officer's order was deemed to be in accordance with the law, and the Commissioner of Income Tax's interference under Section 263 was rejected. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358029