In the result, appeal of the revenue is allowed for statistical purposes in above terms
Bench: Shri Laxmi Prasad Sahu & Shri K. Narasimha Chary
capital gains. Unabsorbed depreciation should be carry forward u/s.32(2) of the IT Act. Therefore, on that point also the assessing officer is not justified to ignore the same. " :- 8 -: ITA Nos. 1105 & 1106/Hyd/2018 Amsri Builders, Sec’bad. 9. After considering the submissions of the assessee, the CIT(A) deleted the disallowance of loss made by the AO by observing