2018 (4) TMI 140

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....peal under Section 260A of the Income Tax Act, 1961 ("The Act" for short), challenges the order dated 29 January 2015 passed by the Income Tax Appellate Tribunal ("The Tribunal" for short). The impugned order dated 29 January 2015 is in respect of Assessment Year 2007-08. 2. The Revenue urges the following question of law for our consideration: 1) Whether on the facts and in the circumstances o....

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....974-75 to 1996-97 for more than eight years that is beyond assessment year 200405. In the facts of the present case, the Assessing Officer by order dated 31 December 2009 for assessment year 2007-08 had allowed the benefit of carry forward unabsorbed deprecation pertaining to the years claimed by the Respondent-Assessee. However, the Commissioner of Income Tax was of the view that the same cannot ....