2020 (1) TMI 1042

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..... s those are squarely covered by decision of this Court in the case of General Motors India (P) Ltd. v. DCIT [ 2012 (8) TMI 714 - GUJARAT HIGH COURT] - R/TAX APPEAL NO. 836 of 2019 - - - Dated:- 13-1-2020 - HONOURABLE MR. JUSTICE J.B. PARDIWALA AND HONOURABLE MR. JUSTICE BHARGAV D. KARIA MR. VARUN K. PATEL FOR THE APPELLANT ORDER .....

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..... nt year 2008-09? (b) Whether on the facts and in circumstances of the case, learned ATAT has erred in law and on facts in allowing the assessee's claim of carry forward and set-off unabsorbed depreciation of assessment year 1995-96 to 1999-2000 against the profits of assessment year 2008-09 without appreciating the fact that the language of the sub-section (2) of Section 32 .....

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..... depreciation of assessment years 1995-96 to 1999-2000 against the profits of assessment year 2008-09 by relying on the decision in the case of General Motors India (P) Ltd. v. DCIT (2013 354 ITR 244 Guj) without appreciating the fact that the Hon'ble High Court has given a construction to the language of the amendment to the provision of Section 32(2) of the Income Tax Act which actually amou .....

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