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2018 (4) TMI 1683 - AT - Income TaxUnabsorbed depreciation and carried forward unabsorbed depreciation - beyond eight years against the income of the assessee in subsequent years - HELD THAT:- No substantial question of law arises against the Tribunal order in allowing set-off of unabsorbed depreciation pertaining to Assessment Years 1996-97 and 1997-98 beyond eight years against the income of the assessee in subsequent years. While holding so the Hon'ble Jurisdictional High Court considered the decision of the Hon'ble Gujarat High Court in the case of General Motors India (P) Ltd v. Dy. CIT [2012 (8) TMI 714 - GUJARAT HIGH COURT]. Therefore, in view of the above discussion we uphold the order of the CIT(A) and reject the grounds raised by the Revenue.
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