https://www.taxtmi.com/caselaws?id=279193 The High Court of Bombay dismissed both appeals challenging the Income Tax Appellate Tribunal's order on depreciation and deficit carry forward for Assessment Years 2010-11 and 2011-12. The court upheld the Tribunal's decision in favor of the respondent assessee, citing a settled legal position established by the Apex Court. The appeals were rejected as the proposed questions lacked substantial legal merit, leading to the dismissal of the appeals without costs. en-us Mon, 03 Dec 2018 00:00:00 +0530 Thu, 07 Mar 2019 06:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279193 The High Court of Bombay dismissed both appeals challenging the Income Tax Appellate Tribunal's order on depreciation and deficit carry forward for Assessment Years 2010-11 and 2011-12. The court upheld the Tribunal's decision in favor of the respondent assessee, citing a settled legal position established by the Apex Court. The appeals were rejected as the proposed questions lacked substantial legal merit, leading to the dismissal of the appeals without costs. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279193