TMI Blog2017 (4) TMI 1381X X X X Extracts X X X X X X X X Extracts X X X X ..... to 1998-99 against the profits of A.Y. 2007-08 without appreciating that as per the provisions of Section 32(2) as they stood prior to the amendment by Finance Act, 2001 w.e.f. 01.04.2002, such unabsorbed depreciation was eligible for carry forward and set-off against business profits only for a further period of eight years?” B Whether the Hon'ble ITAT was justified in directing the Assessing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dmitted, we admit this Appeal on the following substantial questions of law: A. Whether on the facts and circumstances of the case and in law, the Hon'ble ITAT was justified in directing the Assessing Officer to allow carry forward and set-off unabsorbed depreciation of A.Y. 1994-95 to 1998-99 against the profits of A.Y. 2007-08 without appreciating that as per the provisions of Section 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be heard alongwith Income Tax Appeal No.2301 of 2013. 3 Assessee waives service. 4 The Registrar (Judicial)/Registrar, High Court, Original Side, Bombay to ensure that the original record in relation to this Appeal is summoned from the Tribunal and offered for inspection of the parties. This paper book is treated sufficient for the purpose of admission of this Appeal. However, the Registry m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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