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2022 (6) TMI 116 - AT - Income TaxUnabsorbed depreciation and carry forward of unabsorbed business loss - HELD THAT:- We find that the learned Assessing Officer has granted assessee the same in subsequent years and therefore, assessee is not aggrieved with that. Even otherwise, we direct the learned Assessing Officer to determine the carried forward of loss to be set off against subsequent years and up to which assessment year. Further, the unabsorbed depreciation becomes the depreciation of current year in the subsequent year; we do not find any reason to give any direction to the learned Assessing Officer. On both these issues, the assessee has been granted requisite relief without any dispute by the learned Assessing Officer therefore, we do not find that it needs any interference from our side. Accordingly, ground no. 1 of the appeal is dismissed. Short grant of interest under section 244A - Grant of refund till the date of issue of refund - HELD THAT:- As relying on Pfizer Limited [1991 (3) TMI 121 - BOMBAY HIGH COURT ] relying on case of CIT vs. Pfizer Limited we direct the learned Assessing Officer to allow interest up to the date of issue of refund under Section 244A of the Act. Accordingly, ground no. 2 of the appeal is allowed.
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