2017 (4) TMI 1382

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..... n of A.Y. 1997-98 to 1998-99 against the profits of A.Y. 2008-09 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 appreciating that though the Hon'ble Supreme Court has dismissed th .....

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..... profits of A.Y. 2008-09 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 appreciating that though the Hon'ble Supreme Court has dismissed the Department's SLP, it has neith .....

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