https://www.taxtmi.com/caselaws?id=31857 The court held that the orders dated 22.2.2007 and 7.9.2007 were erroneous, allowing the petitioner to set off unabsorbed depreciation against income for the assessment year 1994-95. The rectification order dated 9.6.2006 was deemed valid, not barred by limitation. The petitioner's entitlement to set off unabsorbed depreciation was affirmed, except for the unabsorbed investment allowance of Rs.31,58,423. The petition was granted accordingly. en-us Wed, 20 Feb 2008 00:00:00 +0530 Mon, 22 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31857 The court held that the orders dated 22.2.2007 and 7.9.2007 were erroneous, allowing the petitioner to set off unabsorbed depreciation against income for the assessment year 1994-95. The rectification order dated 9.6.2006 was deemed valid, not barred by limitation. The petitioner's entitlement to set off unabsorbed depreciation was affirmed, except for the unabsorbed investment allowance of Rs.31,58,423. The petition was granted accordingly. Case-Laws Income Tax Wed, 20 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31857