https://www.taxtmi.com/caselaws?id=385225 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the Assessing Officer to permit the set off of unabsorbed depreciation against various sources of income. The judgment clarified the treatment of unabsorbed depreciation under the Income-tax Act, supporting the assessee's position with legal precedents and amendments. The decision emphasized the interpretation of provisions regarding unabsorbed depreciation and its set off, ultimately ruling in favor of the assessee's claim for set off against different income sources. en-us Wed, 28 Aug 2019 00:00:00 +0530 Fri, 30 Aug 2019 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385225 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the Assessing Officer to permit the set off of unabsorbed depreciation against various sources of income. The judgment clarified the treatment of unabsorbed depreciation under the Income-tax Act, supporting the assessee's position with legal precedents and amendments. The decision emphasized the interpretation of provisions regarding unabsorbed depreciation and its set off, ultimately ruling in favor of the assessee's claim for set off against different income sources. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385225