https://www.taxtmi.com/caselaws?id=36948 The High Court affirmed the Tribunal's decision, ruling in favor of the assessee's entitlement to relief under section 84 of the Income Tax Act and the set-off of unabsorbed depreciation for the assessment year 1966-67. The Court held that the assessee could claim relief under section 84 even for machinery purchased before the relevant year but not used, and directed the Income Tax Officer to allow the relief if verified. Additionally, the Court directed the set-off of unabsorbed depreciation from a previous year against the income for the assessment year 1966-67. en-us Wed, 19 Mar 1980 00:00:00 +0530 Thu, 25 Mar 2010 15:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36948 The High Court affirmed the Tribunal's decision, ruling in favor of the assessee's entitlement to relief under section 84 of the Income Tax Act and the set-off of unabsorbed depreciation for the assessment year 1966-67. The Court held that the assessee could claim relief under section 84 even for machinery purchased before the relevant year but not used, and directed the Income Tax Officer to allow the relief if verified. Additionally, the Court directed the set-off of unabsorbed depreciation from a previous year against the income for the assessment year 1966-67. Case-Laws Income Tax Wed, 19 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36948