https://www.taxtmi.com/caselaws?id=18194 The High Court of Madhya Pradesh ruled in favor of the assessee, allowing the set-off of unabsorbed depreciation against the income of the assessment year 1982-83. The court emphasized the perpetual nature of carrying forward unabsorbed depreciation and directed the Tribunal to comply with the decision. No costs were awarded to either party, but counsel fees were fixed for each side. en-us Fri, 16 Feb 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18194 The High Court of Madhya Pradesh ruled in favor of the assessee, allowing the set-off of unabsorbed depreciation against the income of the assessment year 1982-83. The court emphasized the perpetual nature of carrying forward unabsorbed depreciation and directed the Tribunal to comply with the decision. No costs were awarded to either party, but counsel fees were fixed for each side. Case-Laws Income Tax Fri, 16 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18194