https://www.taxtmi.com/caselaws?id=19697 Unabsorbed depreciation apportioned to partners for assessment year 1976-77 was held available for set-off against the firm's income for assessment year 1977-78, following the Bombay High Court ruling in Ballarpur Collieries and the Supreme Court's approval of that view in Garden Silk Weaving Factory. Because the Tribunal had applied binding precedent correctly, the Court declined to entertain the Commissioner's request for a statement of case under section 256(2). The application was dismissed and the Tribunal's order permitting the set-off remained undisturbed. en-us Wed, 20 Nov 1991 00:00:00 +0530 Mon, 09 Nov 2009 10:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19697 Unabsorbed depreciation apportioned to partners for assessment year 1976-77 was held available for set-off against the firm's income for assessment year 1977-78, following the Bombay High Court ruling in Ballarpur Collieries and the Supreme Court's approval of that view in Garden Silk Weaving Factory. Because the Tribunal had applied binding precedent correctly, the Court declined to entertain the Commissioner's request for a statement of case under section 256(2). The application was dismissed and the Tribunal's order permitting the set-off remained undisturbed. Case-Laws Income Tax Wed, 20 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19697