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2019 (2) TMI 1678 - AT - Income TaxDisallowance of carry forward unabsorbed depreciation - HELD THAT:- Unabsorbed depreciation prior to the Asstt.Year 2002-03 would become depreciation of the Asstt.Year 2002-03, and thereafter it will be available to assessee endlessly upto and until it is utilized. In this way, the CIT(A) has directed the AO to recompute the set off and carry forward of unabsorbed depreciation accordingly. In response to the notice of hearing, no one has come present on behalf of the assessee. With the assistance of the DR, we have gone through the record. We find that view taken by the ld.CIT(A) is in line with the decision of Hon’ble jurisdictional High Court in the case of General Motors Ltd. Vs. DCIT, [2012 (8) TMI 714 - GUJARAT HIGH COURT] . Putting reliance upon the decisions of the Hon’ble jurisdictional High Court, we do not find any merit in this appeal of the Revenue. It is dismissed. Appeal of the Revenue is dismissed.
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