TMI Blog2018 (9) TMI 1815X X X X Extracts X X X X X X X X Extracts X X X X ..... ard and set off unabsorbed depreciation against the profits and gains of subsequent years, without any limit - HELD THAT:- The second question raised by the Revenue is squarely covered by the judgement of this Court in case of General Motors India petitioner. Ltd vs. Deputy Commissioner of Income Tax reported in [2012 (8) TMI 714 - GUJARAT HIGH COURT]. In that view of the matter, validity of reope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... depreciation for the A.Y. 1997-98 against the income of A.Y. 2005-06 which was not in accordance with the provision of section 32(2) of the Act as amended by Finance Act 2001 w.e.f. 01.04.2002? 2. The second question raised by the Revenue is squarely covered by the judgement of this Court in case of General Motors India petitioner. Ltd vs. Deputy Commissioner of Income Tax reported in 354 I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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