2019 (2) TMI 1678

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....ORDER PER RAJPAL YADAV, JUDICIAL MEMBER: Revenue is in appeal before the Tribunal against order of the ld.CIT(A)-12, Ahmedabad dated 28.12.2016 passed for the Asstt.Year 2013- 14. 2. Revenue has pleaded that the ld.CIT(A) has erred in law and on facts in deleting the addition of Rs. 5,17,72,276/- which was added by the AO on account of disallowance of carry forward unabsorbed depreciation....

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.... not be computed after expiry of eight years. Hence, he restricted carry forward unabsorbed depreciation and business loss to Rs. 75,05,867/- as against the claim made by the assessee. On appeal, the ld.CIT(A) did not concur with the view taken by the AO. He observed that from the Asstt.Year 2002-03 by virtue of amendment in section 32(2), the depreciation on earlier year would become part of the ....