https://www.taxtmi.com/caselaws?id=398422 The Tribunal upheld the assessee's eligibility to carry forward unabsorbed additional depreciation under Section 32(1)(iia) for the assessment year 2009-2010, dismissing the Revenue's appeal. The decision was based on previous judgments favoring the assessee and interpreting provisions allowing the balance to be carried forward. The Court emphasized the binding nature of precedent set by the Brakes India case, rejecting the Revenue's argument regarding the 2016 proviso under Section 32(1). The judgment highlights the importance of considering past decisions and legal interpretations in tax matters. en-us Mon, 07 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398422 The Tribunal upheld the assessee's eligibility to carry forward unabsorbed additional depreciation under Section 32(1)(iia) for the assessment year 2009-2010, dismissing the Revenue's appeal. The decision was based on previous judgments favoring the assessee and interpreting provisions allowing the balance to be carried forward. The Court emphasized the binding nature of precedent set by the Brakes India case, rejecting the Revenue's argument regarding the 2016 proviso under Section 32(1). The judgment highlights the importance of considering past decisions and legal interpretations in tax matters. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398422