2002 (9) TMI 12

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....pellant has proposed the following substantial questions of law stated to arise out of the Tribunal's order dated March 8, 2002. (i) Whether the Tribunal is right in law in interpreting the relevant provisions of the Income-tax Act, 1961, for arriving at a conclusion that "depreciation" falls within the scope of "Chapter XIV-B" and hence, as a consequence, the disallowance of depreciation of Rs....

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....ether the Tribunal is right in law in holding that the depreciation under section 158BC which is found to be excess can be considered as "undisclosed income" even though after excluding such depreciation, there remains "unabsorbed depreciation" for that year? We have heard Mr. R.K. Patel, the learned advocate appearing for the appellant. The dispute pertains to allowance of depreciation for ....