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2017 (5) TMI 1555 - ITAT AHMEDABADBrought forward unabsorbed depreciation beyond 8 years - Held that:- As perused the judicial pronouncement of Hon’ble Gujarat High Court in the case of CIT vs. Gujarat Themis Biosyn Ltd. [2014 (5) TMI 194 - GUJARAT HIGH COURT] in which after considering the judgment given in General Motors India (P) Ltd [2012 (8) TMI 714 - GUJARAT HIGH COURT] it was held that carry forward of unabsorbed depreciation concerning impugned assessment years could be set off in subsequent years without any set time limit. - Decided against revenue
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