https://www.taxtmi.com/caselaws?id=278408 The High Court held in favor of the assessee, an export-oriented unit entitled to tax exemption under section 10B, allowing the carryover of unabsorbed depreciation from 2002-03 to 2003-04. The court emphasized that section 10B(6) does not apply for the year 2003-04, directing the Assessing Officer to recompute eligible depreciation and carryover unabsorbed depreciation based on the amendment and the Supreme Court decision in CIT v. Manmohan Das. The Tribunal's decision was set aside, and the case was remanded for fresh orders with directions to consider the assessee's submissions. en-us Tue, 26 May 2009 00:00:00 +0530 Thu, 31 Jan 2019 11:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278408 The High Court held in favor of the assessee, an export-oriented unit entitled to tax exemption under section 10B, allowing the carryover of unabsorbed depreciation from 2002-03 to 2003-04. The court emphasized that section 10B(6) does not apply for the year 2003-04, directing the Assessing Officer to recompute eligible depreciation and carryover unabsorbed depreciation based on the amendment and the Supreme Court decision in CIT v. Manmohan Das. The Tribunal's decision was set aside, and the case was remanded for fresh orders with directions to consider the assessee's submissions. Case-Laws Income Tax Tue, 26 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278408