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2018 (8) TMI 1805 - HC - Income TaxCarry forward and set-off unabsorbed depreciation - whether unabsorbed depreciation was eligible for carry forward and set-off against business profits only for a further period of eight years? - HELD THAT:- By a separate order in The Pr. CIT v/s. Associated Cables Pvt. Ltd. [2018 (8) TMI 521 - BOMBAY HIGH COURT] wherein restriction of eight years to carry forward and set off the unabsorbed depreciation has been dispensed with. No separate submissions specific to this appeal have been made by the Revenue. Therefore, for the reasons stated therein, the substantial questions raised in this appeal, have to be answered in favour of the Respondent-Assessee and against the Appellant-Revenue.
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