2016 (11) TMI 1424

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....he appellant has challenged the judgment and order of the Tribunal and whereby the Tribunal has confirmed the order of CIT (Appeals). 2. Counsel for the appellant has raised the following substantial questions of law which are reproduce as under: "(i) Whether in the facts and circumstances of the case the ITAT has erred in directing to allow carry forward unabsorbed depreciation of Rs.....

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....(Guj) and Ausom Enterprises Ltd. Vs. DCIT- 105 DTR 78 (Guj.) and a decision of Bombay High Court. 5. In that view of the matter Tribunal has observed as under: "The revenues has not pointed out, how the judgments are relied on by the ld.CIT (A) are not applicable on the facts of the present case. In our considered view, the ld. CIT (A) has rightly decided the issue in the light of the ....