https://www.taxtmi.com/caselaws?id=777667 ITAT PATNA - AT remanded the matter to the AO, directing examination of whether any unabsorbed depreciation from earlier years remains to be carried forward or set off under section 32(2). The tribunal held that the AO must consider depreciation claims even if not clearly presented in the return and should assess whether a consolidated brought-forward loss included unabsorbed depreciation; if so, it must be allowed as per law. The appeal by the assessee is allowed for statistical purposes. en-us Mon, 13 Jan 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777667 ITAT PATNA - AT remanded the matter to the AO, directing examination of whether any unabsorbed depreciation from earlier years remains to be carried forward or set off under section 32(2). The tribunal held that the AO must consider depreciation claims even if not clearly presented in the return and should assess whether a consolidated brought-forward loss included unabsorbed depreciation; if so, it must be allowed as per law. The appeal by the assessee is allowed for statistical purposes. Case-Laws Income Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777667