https://www.taxtmi.com/caselaws?id=391429 The Court dismissed the appeal under Section 260A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2008-2009. The appeal questioned the allowance of carry forward and set-off of unabsorbed depreciation from assessment years 1995-96 to 1999-2000 against the profits of 2008-09. The Court held that the issues raised were settled in a previous decision, General Motors India (P) Ltd. v. DCIT, which the Tribunal had relied on in upholding the order passed by the CIT(Appeals). Consequently, the appeal lacked merit and was dismissed based on the precedent set by the General Motors India case. en-us Mon, 13 Jan 2020 00:00:00 +0530 Tue, 28 Jan 2020 10:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391429 The Court dismissed the appeal under Section 260A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2008-2009. The appeal questioned the allowance of carry forward and set-off of unabsorbed depreciation from assessment years 1995-96 to 1999-2000 against the profits of 2008-09. The Court held that the issues raised were settled in a previous decision, General Motors India (P) Ltd. v. DCIT, which the Tribunal had relied on in upholding the order passed by the CIT(Appeals). Consequently, the appeal lacked merit and was dismissed based on the precedent set by the General Motors India case. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391429