https://www.taxtmi.com/caselaws?id=19201 The High Court upheld the Tribunal's decision that unabsorbed depreciation allocated to partners but not fully set off should be considered as the firm's unabsorbed depreciation in subsequent years. This aligns with established legal principles and previous judicial interpretations, allowing the firm to set off unabsorbed depreciation in succeeding years. The court ruled in favor of the assessee, concluding the Special Jurisdiction Case without costs. en-us Fri, 07 Jul 1995 00:00:00 +0530 Wed, 04 Nov 2009 16:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19201 The High Court upheld the Tribunal's decision that unabsorbed depreciation allocated to partners but not fully set off should be considered as the firm's unabsorbed depreciation in subsequent years. This aligns with established legal principles and previous judicial interpretations, allowing the firm to set off unabsorbed depreciation in succeeding years. The court ruled in favor of the assessee, concluding the Special Jurisdiction Case without costs. Case-Laws Income Tax Fri, 07 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19201