Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (5) TMI 866 - ITAT MUMBAICarry forward of unabsorbed depreciation - Held that:- Intention of the Legislature was to allow unabsorbed depreciation allowance for an indefinite period of time since it was for enabling the industry to conserve sufficient funds to replace plant and machinery and, bearing in mind the intention of incentive, restriction of 8 years was dispensed with by an amendment. See General Motors India Pvt. Ltd. Vs. DCIT [2012 (8) TMI 714 - GUJARAT HIGH COURT]
|