https://www.taxtmi.com/caselaws?id=415498 The Tribunal's interpretation of Section 32(2) of the Income Tax Act, 1961 was upheld, allowing the assessee to carry forward unabsorbed depreciation beyond the previously mandated eight-year period. The appeal filed by the revenue was dismissed, and the substantial questions of law were answered against the revenue, affirming the Tribunal's decision in favor of the assessee. en-us Wed, 01 Dec 2021 00:00:00 +0530 Tue, 07 Dec 2021 09:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415498 The Tribunal's interpretation of Section 32(2) of the Income Tax Act, 1961 was upheld, allowing the assessee to carry forward unabsorbed depreciation beyond the previously mandated eight-year period. The appeal filed by the revenue was dismissed, and the substantial questions of law were answered against the revenue, affirming the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415498