2021 (3) TMI 1092 - SCH - Income Tax

Carry forward of unabsorbed depreciation - HELD THAT - In view of the judgments on the interpretation of Section 32(2) of the Income Tax Act delivered by Delhi High Court, Gujarat High Court, Madras High Court and Bombay High Court, upheld by this Court by special leave petitions being dismissed, we do not agree with the learned Additional Solicitor General that the question of law has to be determined in these special leave petitions.

Summary

The Supreme Court of India dismissed special leave petitions regarding the interpretation of Section 32(2) of the Income Tax Act, based on judgments from various High Courts. The petitions were dismissed, and any pending applications were disposed of.