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TMI Blog2018 (8) TMI 1805X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018 (8) TMI 521 - BOMBAY HIGH COURT] wherein restriction of eight years to carry forward and set off the unabsorbed depreciation has been dispensed with. No separate submissions specific to this appeal have been made by the Revenue. Therefore, for the reasons stated therein, the substantial questions raised in this appeal, have to be answered in favour of the Respondent-Assessee and against the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 setoff against business profits only for a further period of eight years? ( b) Whether on the facts and in the circumstance of the case and in law, the Tribunal was justified in directing the Assessing Officer to allow carry forward ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l No.293 of 2016 (The Pr. CIT v/s. Associated Cables Pvt. Ltd.,), Income Tax Appeal Nos. 582 of 2014 (CIT v/s. M/s. Confidence Petroleum (I) Ltd.,) and 2301 of 2013 (CIT v/s. M/s. Milton's Pvt. Ltd.,) as well as Appeals filed by the Assessee in Income Tax Appeal Nos. 841 and 842 of 2011 ( Times Guaranty Ltd., v/s. Deputy Director of Income Tax) all on the same issue were kept for final hearing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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