2018 (4) TMI 140

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for the Respondent ORDER 1. This Appeal 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: ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eprecation of Rs. 87.08 Crores pertaining to the period 1974-75 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 Commiss....