https://www.taxtmi.com/caselaws?id=28189 The High Court ruled in favor of the firm, allowing the carry forward of unabsorbed depreciation and development rebate after the death of a partner. The court upheld the Tribunal's decision, stating that unabsorbed depreciation not set off against individual profits of a deceased partner could be carried forward by the firm for set off against future profits, in accordance with the Income Tax Act provisions. The court awarded costs to the firm in the reference. en-us Tue, 11 Jan 1983 00:00:00 +0530 Fri, 19 Feb 2010 15:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28189 The High Court ruled in favor of the firm, allowing the carry forward of unabsorbed depreciation and development rebate after the death of a partner. The court upheld the Tribunal's decision, stating that unabsorbed depreciation not set off against individual profits of a deceased partner could be carried forward by the firm for set off against future profits, in accordance with the Income Tax Act provisions. The court awarded costs to the firm in the reference. Case-Laws Income Tax Tue, 11 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28189