https://www.taxtmi.com/caselaws?id=360184 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing the set off of unabsorbed depreciation for Assessment Years 1998-99 & 1999-2000 based on the decision of the Gujarat High Court. The rejection of the claim was overturned, and the ITAT did not address the validity of the reassessment proceedings due to the favorable outcome on the primary issue. The appeal was treated as allowed, resulting in a favorable decision for the assessee. en-us Mon, 07 May 2018 00:00:00 +0530 Fri, 11 May 2018 08:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360184 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing the set off of unabsorbed depreciation for Assessment Years 1998-99 & 1999-2000 based on the decision of the Gujarat High Court. The rejection of the claim was overturned, and the ITAT did not address the validity of the reassessment proceedings due to the favorable outcome on the primary issue. The appeal was treated as allowed, resulting in a favorable decision for the assessee. Case-Laws Income Tax Mon, 07 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360184