https://www.taxtmi.com/caselaws?id=21363 The court ruled against the assessee, affirming that they were not entitled to set-off unabsorbed depreciation for specific assessment years in the subsequent year due to the finality of earlier assessments. The court also held that the assessee could not re-agitate the issue in the subsequent year. The court deemed the reference to Section 80 of the Income-tax Act unnecessary and left the third question unanswered. The Revenue was awarded costs of Rs. 500. en-us Fri, 04 Jan 1991 00:00:00 +0530 Sat, 21 Nov 2009 17:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21363 The court ruled against the assessee, affirming that they were not entitled to set-off unabsorbed depreciation for specific assessment years in the subsequent year due to the finality of earlier assessments. The court also held that the assessee could not re-agitate the issue in the subsequent year. The court deemed the reference to Section 80 of the Income-tax Act unnecessary and left the third question unanswered. The Revenue was awarded costs of Rs. 500. Case-Laws Income Tax Fri, 04 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21363