2019 (8) TMI 1212

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..... 8) TMI 714 - GUJARAT HIGH COURT ]. Entitled to claim of deferred revenue expenditure - HELD THAT:- So far as the second question as proposed by the revenue is concerned, appellant invited our attention to the order passed by the CIT(A), Ahmedabad, wherein observed - the appellant's ground for allowing 1/10th of amortized expenses for A.Y.08-09 to 12-13 would stand dismissed. In view .....

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..... -09. 2. The revenue has proposed the following two questions of law for the consideration of this Court: - [ A] Whether the Appellate Tribunal has erred in law and on facts in allowing carry forward of unabsorbed depreciation following Circular No.14 of 2001 without appreciating that the amendment to the Finance Act was prospective? [ .....

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..... Ahmedabad, wherein, in para7 of the order, the following has been observed. 7. Consequently, the appellant's ground for allowing 1/10th of amortized expenses for A.Y.0809 to 1213 would stand dismissed. 4. In view of what has been observed by the Commissioner of Income-tax [Appeals], Mr. Bhatt pointed out that the second question as proposed would no .....

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