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2018 (4) TMI 140 - HC - Income TaxRevision u/s 263 - AO has allowed setoff of brought forward loss in the said year without application of mind - whether the Assessee would be entitled to carry forward unabsorbed deprecation pertaining to the period 1974-75 to 1996-97 for more than eight years that is beyond assessment year 2004-05 - Held that:- The questions as proposed have become academic in view of the decision of this Court in Commissioner of Income Tax Vs. Hindustan Unilever Ltd. (2016 (7) TMI 1245 - BOMBAY HIGH COURT) which has approved and the decision of the Gujarat High Court in General Motors India Pvt.Ltd. (2012 (8) TMI 714 - GUJARAT HIGH COURT) on this very issue - No substantial question of law.
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