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2015 (3) TMI 1136 - AT - Income TaxSet off of unabsorbed depreciation - Held that:- This decision of the Hon’ble Gujarat High Court has been followed in several decisions rendered by the Co-ordinate Benches of the Tribunal. Respectfully following the ratio of Hon’ble Gujarat High Court, we direct the AO to allow the set off of unabsorbed depreciation pertaining to the A.Y. 1997-98 to 2000-01 in the respective A.Ys. 2005-06 to 2008-09 in accordance with the decision of General Motors India Pvt. Ltd. (2012 (8) TMI 714 - GUJARAT HIGH COURT ). Accordingly, the ground raised by the assessee in all the appeals are treated as allowed.
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