https://www.taxtmi.com/caselaws?id=392047 The High Court dismissed the Revenue's appeal against the deletion of unabsorbed depreciation addition for the Assessment Year 1997-98 under Section 32(2) of the Income Tax Act. The Court upheld the ITAT's decision, allowing the assessee to claim unabsorbed depreciation beyond the eight-year limit, in line with previous judicial interpretations. The judgment clarified the rights of the assessee in claiming such benefits, emphasizing consistency with established legal precedents. en-us Tue, 04 Feb 2020 00:00:00 +0530 Wed, 12 Feb 2020 08:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392047 The High Court dismissed the Revenue's appeal against the deletion of unabsorbed depreciation addition for the Assessment Year 1997-98 under Section 32(2) of the Income Tax Act. The Court upheld the ITAT's decision, allowing the assessee to claim unabsorbed depreciation beyond the eight-year limit, in line with previous judicial interpretations. The judgment clarified the rights of the assessee in claiming such benefits, emphasizing consistency with established legal precedents. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392047