https://www.taxtmi.com/caselaws?id=396136 The High Court dismissed the appeals filed by the revenue under Section 260-A of the Income Tax Act, 1961. The Court upheld the Tribunal's decision, which found that the Assessing Officer's order of assessment, including the non-set off of unabsorbed brought forward depreciation for computing deduction under Section 10A, was not erroneous or prejudicial to the revenue's interest. The Court relied on a previous Supreme Court decision in 'COMMISSIONER OF INCOME-TAX Vs. YOKOGAWA INDIA LTD.,' which supported the Tribunal's interpretation. Consequently, the High Court ruled in favor of the assessee, affirming the Tribunal's decision. en-us Thu, 11 Jun 2020 00:00:00 +0530 Mon, 22 Jun 2020 08:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396136 The High Court dismissed the appeals filed by the revenue under Section 260-A of the Income Tax Act, 1961. The Court upheld the Tribunal's decision, which found that the Assessing Officer's order of assessment, including the non-set off of unabsorbed brought forward depreciation for computing deduction under Section 10A, was not erroneous or prejudicial to the revenue's interest. The Court relied on a previous Supreme Court decision in 'COMMISSIONER OF INCOME-TAX Vs. YOKOGAWA INDIA LTD.,' which supported the Tribunal's interpretation. Consequently, the High Court ruled in favor of the assessee, affirming the Tribunal's decision. Case-Laws Income Tax Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396136