TMI Blog2016 (12) TMI 1638X X X X Extracts X X X X X X X X Extracts X X X X ..... e appellant herein stands concluded in favour of the respondent assessee and against the Revenue by the Order of this Court in The Commissioner of Income Tax-1, Mumbai vs. M/s. Hindustan Unilever Ltd. [2016 (7) TMI 1245 - BOMBAY HIGH COURT] as held held that the unabsorbed depreciation for the Assessment Year 1997-98 upto Assessment Year 2001-02 could be allowed to be set off, if it was still unab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Appeal No. 1037 of 2014 - - - Dated:- 6-12-2016 - M. S. Sanklecha And A. K. Menon, JJ. Mr. Ashok Kotangle a/w. Ms. Padma Divakar for the Appellant. ORDER P. C. 1. This Appeal under Section 260-A of the Income Tax Act, 1961 ('the Act') challenges the order dated 27th November, 2013 passed by the Income Tax Appellate Tribunal ('the Tribunal'). The impugned order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment Year 1997-98 upto 2001-02 could be allowed to be set off, if it was unabsorbed as on 1st April, 2001. If allowed the same after placing reliance upon the CDBT Circular No.14 of 2001 dated 22nd November, 2001 and the decision of the Gujarat High Court in General Motors India Pvt.Ltd. Vs. DCIT [354 ITR 244] 4. Mr.Kotangle, learned Counsel appearing for the appellant Revenue states that an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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