https://www.taxtmi.com/caselaws?id=60776 The Departmental appeal was dismissed, upholding the decision of the CIT(A) regarding the set off of unabsorbed depreciation against income under "House property" and other sources for the assessment year 1997-98. The Tribunal found that the Finance Minister's clarification and CBDT Circular No. 762 supported the carry forward of unabsorbed depreciation, leading to the conclusion that the CIT(A) rightly directed the AO to revise the income computation. en-us Wed, 24 Jul 2002 00:00:00 +0530 Mon, 14 Nov 2016 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60776 The Departmental appeal was dismissed, upholding the decision of the CIT(A) regarding the set off of unabsorbed depreciation against income under "House property" and other sources for the assessment year 1997-98. The Tribunal found that the Finance Minister's clarification and CBDT Circular No. 762 supported the carry forward of unabsorbed depreciation, leading to the conclusion that the CIT(A) rightly directed the AO to revise the income computation. Case-Laws Income Tax Wed, 24 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60776