https://www.taxtmi.com/caselaws?id=365126 The High Court of Bombay dismissed the appeals challenging the order of the Income Tax Appellate Tribunal regarding the allowance of unabsorbed depreciation to be carried forward and adjusted after a lapse of assessment years. The Court relied on a previous decision in the case of Hindustan Unilever Ltd. to conclude that the issue had already been settled in favor of the Assessee, and thus, no new substantial question of law arose from the appeals. en-us Wed, 13 Jun 2018 00:00:00 +0530 Fri, 10 Aug 2018 13:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365126 The High Court of Bombay dismissed the appeals challenging the order of the Income Tax Appellate Tribunal regarding the allowance of unabsorbed depreciation to be carried forward and adjusted after a lapse of assessment years. The Court relied on a previous decision in the case of Hindustan Unilever Ltd. to conclude that the issue had already been settled in favor of the Assessee, and thus, no new substantial question of law arose from the appeals. Case-Laws Income Tax Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365126