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128 results for “depreciation”+ Carry Forward of Lossesclear

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Mumbai2,991 Delhi1,284 Kolkata615 Bangalore540 Chennai471 Ahmedabad329 Pune168 Jaipur149 Raipur148 Chandigarh142 Hyderabad128 Karnataka117 Surat72 Cuttack60 Visakhapatnam51 Indore49 Rajkot46 Ranchi41 Amritsar38 Nagpur38 Cochin37 Lucknow32 Guwahati29 SC28 Jodhpur14 Telangana12 Varanasi7 Kerala7 Patna7 Panaji6 Calcutta6 Jabalpur4 Allahabad3 Orissa2 Punjab & Haryana2 Rajasthan1 ASHOK BHAN DALVEER BHANDARI1 D.K. JAIN H.L. DATTU JAGDISH SINGH KHEHAR1 Dehradun1 Gauhati1 Himachal Pradesh1 Agra1

Key Topics

Section 143(3)64 Addition to Income63 Section 14A45 Disallowance44 Deduction43 Section 80I41 Section 153A31 Section 14831 Depreciation31 Section 263

PONAPULA SULOCHANA LR LATE P SANJEEVA PARTHASARATHY,HYDERABAD vs. ASSISTANT COMMISSIONER OF TAX ,CENTRAL CIRCLE-3(2), HYDERABAD

In the result, the appeal of assessee for A

ITA 294/HYD/2021[2016-17]Status: DisposedITAT Hyderabad26 Nov 2025AY 2016-17

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s. 80 of the Income

Showing 1–20 of 128 · Page 1 of 7

30

Section 36(1)(vii)26

PONNAPULA SULOCHANA, L/R OF LATE PONNAPULA SANJEEVA PARTHASARATHY,HYDERABAD vs. ACIT ,CENTRAL CIRCLE -3(2), HYDERABAD

In the result, the appeal of assessee for A

ITA 295/HYD/2021[2017-18]Status: DisposedITAT Hyderabad26 Nov 2025AY 2017-18

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s. 80 of the Income

SHRI GAYATRI CONSTRUCTIONS,NELLORE vs. DCIT., CIRCLE-1, NELLORE

In the result, the appeal of assessee for A

ITA 294/HYD/2024[AY 2018-19]Status: HeardITAT Hyderabad07 Jan 2025

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s. 80 of the Income

ROCKSALT INTERACTIVE GAMES PRIVATE LIMITED ,HYDERABAD vs. INCOME TAX OFFICER, WARD-3(2) , HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 403/HYD/2020[2015-16]Status: DisposedITAT Hyderabad12 Dec 2022AY 2015-16

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarm/S. Rocksalt Interactive Income Tax Officer, Vs. Games Pvt. Ltd., Ward 3(2), Hyderabad. Hyderabad. Pan Aafcr3033A (Appellant) (Respondent) Appellant By : Shri P. Murali Mohan Rao, C.A. Respondent By : Shri Vijay Bhaskar Reddy, Cit-Dr Date Of Hearing : 16.11.2022 Date Of Pronouncement : 12.12.2022 O R D E R Per Shri Laliet Kumar, J.M. : This Appeal Filed By The Assessee Is Directed Against The Order Dt.30.03.2020 Of The Learned Pr. Commissioner Of Income Tax/Cit-3, Hyderabad Relating To Assessment Year 2015-16 U/S. 263 Of The Income Tax Act, 1961 (In Short ‘The Act’).

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Vijay Bhaskar

Section 139Section 139(1)Section 263Section 72Section 73Section 73ASection 74Section 74ASection 80

carried forward while processing return filed by assessee u/s 143(1) of the Act for AY 2005-06. However, the loss and depreciation

JT. COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRLCE -1(2) , HYDERABAD vs. AMSRI BUILDERS, SECUNDERABAD

In the result, appeal of the revenue is allowed for statistical purposes in above terms

ITA 1105/HYD/2018[2012-13]Status: DisposedITAT Hyderabad05 May 2022AY 2012-13

Bench: Shri Laxmi Prasad Sahu & Shri K. Narasimha Chary

For Appellant: Shri Y.V.S.T. SaiFor Respondent: S/Shri K.C. Devdas

Section 139(1)Section 143(3)Section 153A

carry forward of loss pertaining to business or capital gains. Unabsorbed depreciation should be carry forward u/s.32(2) of the IT Act. Therefore

JT. COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRLCE -1(2) , HYDERABAD vs. AMSRI BUILDERS, SECUNDERABAD

In the result, appeal of the revenue is allowed for statistical purposes in above terms

ITA 1106/HYD/2018[2013-14]Status: DisposedITAT Hyderabad05 May 2022AY 2013-14

Bench: Shri Laxmi Prasad Sahu & Shri K. Narasimha Chary

For Appellant: Shri Y.V.S.T. SaiFor Respondent: S/Shri K.C. Devdas

Section 139(1)Section 143(3)Section 153A

carry forward of loss pertaining to business or capital gains. Unabsorbed depreciation should be carry forward u/s.32(2) of the IT Act. Therefore

SUNSHINE GRANITES PRIVATE LIMITED ,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-1(2), HYDERABAD

Appeal is allowed

ITA 61/HYD/2022[2013-14]Status: DisposedITAT Hyderabad13 Feb 2024AY 2013-14

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं / Ita No. 61/Hyd/2022 (निर्धारण वर्ा / Assessment Year: 2013-14) M/S. Sunshine Granites Vs. Deputy Commissioner Of Private Limited, Income Tax, Karimnagar Central Circle-1(2), [Pan No. Aaocs6148Q] Hyderabad अपीलधर्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध / Assessee By: Shri A. Srinivas, Ar रधजस्‍व द्वधरध / Revenue By: Shri Kumar Aditya, Dr सुिवधई की तधरीख/Date Of Hearing: 07/02/2024 घोर्णध की तधरीख/Pronouncement On: 13/02/2024

For Appellant: Shri A. Srinivas, ARFor Respondent: Shri Kumar Aditya, DR

Section 143(3)Section 263Section 79

carry forward unabsorbed depreciation loss. Whether or not section 79 of the Act applies to the carry forward of unabsorbed

AET LABORATORIES PRIVATE LIMITED, MEDAK,MEDAK vs. DCIT, CIRCLE-8(1), HYDERABAD, HYDERABAD

In the result, appeal filed by the assessee is partly allowed for statistical purposes

ITA 963/HYD/2017[2010-11]Status: DisposedITAT Hyderabad26 Aug 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.963/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2010-11) Aet Laboratories (P) Ltd Vs. Dy. C. I. T. Medak Circle 8(1) Pan:Aadcm6591L Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A Srinivas, Ca राज" व "ारा/Revenue By:: Shri Srinath Sadanala, Dr सुनवाई की तारीख/Date Of Hearing: 26/08/2024 घोषणा की तारीख/Pronouncement: 26/08/2024 आदेश/Order

For Appellant: Shri A Srinivas, CAFor Respondent: : Shri Srinath Sadanala, DR

forward loss and depreciation. The Commissioner of Income Tax (Appeals) ought to have seen that deduction u/s.10B has to be granted on income before setting off loss and depreciation. Hence the Appellant submits that deduction of Rs.1,77,08,937 claimed by the Appellant u/s.10B ought to have granted by Commissioner of income Tax (Appeals

BBR PROJECTS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal of the assessee is allowed in part and for statistical purposes

ITA 367/HYD/2023[2015-16]Status: DisposedITAT Hyderabad06 Feb 2025AY 2015-16

Bench: Shri Manjunatha. G & Shri K. Narasimha Chary

For Appellant: Shri P. Murali Mohan Rao, ARFor Respondent: Shri Suresh Babu KN, Sr. AR

Section 115JSection 143(3)

carry forward losses and unabsorbed depreciation to be set off from the assessee’s income for the assessment year 2015-16, the view

ACIT., CIRCLE-5(1), HYDERABAD vs. LAHARI HOLIDAY HOMES (P) LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed, in terms of our above observation

ITA 600/HYD/2025[2021-22]Status: DisposedITAT Hyderabad08 Oct 2025AY 2021-22

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.600/Hyd/2025 (िनधा"रण वष"/Assessment Year:2021-22) Asst. Commissioner Of M/S. Lahari Holiday Homes Income Tax, Circle 5(1), Vs. (P) Ltd., Hyderabad. Hyderabad. Pan: Aaacl8925C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri J J Varun, C.A. राज" व "ारा/Revenue By: Dr. Narendra Kumar Naik, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 16/09/2025 घोषणा की तारीख/Pronouncement: 08/10/2025

For Appellant: Shri J J Varun, C.AFor Respondent: Dr. Narendra Kumar Naik

Section 115BSection 139Section 139(5)

carried-forward losses and unabsorbed depreciation, the Ld. DR argued that the concessional tax regime under section 115BAA of the Act is subject

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED , SECUNDERABAD

Appeal of the assessee is allowed for statistical purposes

ITA 552/HYD/2020[2010-11]Status: DisposedITAT Hyderabad05 Sept 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.552/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Asstt. Commissioner Of Vs. Ascend Telecom Income Tax, Central Circle Infrastructure (P) Ltd 3(2), Hyderabad Secunderabad Pan:Aaefa2381H (Appellant) (Respondent) आ.अपी.सं /Ita No.539/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Ascend Telecom Vs. Asstt. Commissioner Of Infrastructure (P) Ltd Income Tax, Central Secunderabad Circle 3(2), Hyderabad Pan:Aaefa2381H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.R. Vasudevan राज" व "ारा/Revenue By:: Smt. T Vijayalakshmi, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 05/09/2024 घोषणा की तारीख/Pronouncement: 05/09/2024 आदेश/Order Per Manjunatha, G. A.M These Are Cross Appeals Filed By Both The Assessee As Well As The Revenue For The A.Y 2010-11 Against The Common Order Dated 31/07/2020 Of The Learned Cit (A) 11 Hyderabad.

For Appellant: Shri K.R. VasudevanFor Respondent: : Smt. T Vijayalakshmi, CIT(DR)

Section 132Section 143(2)Section 143(3)Section 153A

carry forward of losses pertaining to AY 2008-09 of the amalgamating company. The Appellant craves leave to add, alter, rescind and modify the grounds herein above or produce further documents, facts and evidence before or at the time of hearing of this appeal. For the above and any other grounds which may be raised at the time of hearing

ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD

Appeal of the assessee is allowed for statistical purposes

ITA 539/HYD/2020[2010-11]Status: DisposedITAT Hyderabad05 Sept 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.552/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Asstt. Commissioner Of Vs. Ascend Telecom Income Tax, Central Circle Infrastructure (P) Ltd 3(2), Hyderabad Secunderabad Pan:Aaefa2381H (Appellant) (Respondent) आ.अपी.सं /Ita No.539/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Ascend Telecom Vs. Asstt. Commissioner Of Infrastructure (P) Ltd Income Tax, Central Secunderabad Circle 3(2), Hyderabad Pan:Aaefa2381H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.R. Vasudevan राज" व "ारा/Revenue By:: Smt. T Vijayalakshmi, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 05/09/2024 घोषणा की तारीख/Pronouncement: 05/09/2024 आदेश/Order Per Manjunatha, G. A.M These Are Cross Appeals Filed By Both The Assessee As Well As The Revenue For The A.Y 2010-11 Against The Common Order Dated 31/07/2020 Of The Learned Cit (A) 11 Hyderabad.

For Appellant: Shri K.R. VasudevanFor Respondent: : Smt. T Vijayalakshmi, CIT(DR)

Section 132Section 143(2)Section 143(3)Section 153A

carry forward of losses pertaining to AY 2008-09 of the amalgamating company. The Appellant craves leave to add, alter, rescind and modify the grounds herein above or produce further documents, facts and evidence before or at the time of hearing of this appeal. For the above and any other grounds which may be raised at the time of hearing

DCIT., CIRCLE-8(1), HYDERABAD vs. DBS TECHNOLOGY SERVICES INDIA PRIVATE LIMITED, HYDERABAD

In the result, the appeal of the Revenue is allowed

ITA 151/HYD/2023[2019-20]Status: DisposedITAT Hyderabad21 Jul 2023AY 2019-20

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2019-20 Deputy Commissioner Of Vs. M/S. Dbs Technology Income Tax, Services India Private Circle – 8(1), Limited, Hyderabad. Hyderabad. Pan : Aafcd5584N (Appellant) (Respondent) C.O.No.2/Hyd/2023 Assessment Year 2019-20 Dbs Technology Services India Vs. Deputy Commissioner Of Private Limited, Income Tax, Circle – 8(1), Hyderabad. Hyderabad. Pan : Aafcd5584N (Cross Objector / (Appellant/Revenue) Respondent) Assessee By: Sri M. P. Lohia, C.A. Revenue By: Shri Jeevan Lal Lavidiya, Cit-Dr Date Of Hearing: 11.07.2023 Date Of Pronouncement: 21.07.2023 आदेश / O R D E R Per Laliet Kumar, Jm: The Appeal & Cross-Objection Filed By The Revenue For A.Y. 2019-20 Arise From The Order Of Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi

For Appellant: Sri M. P. Lohia, C.AFor Respondent: Shri Jeevan Lal Lavidiya, CIT-DR

Section 10ASection 139(1)Section 143(1)

carried forward or set- off of any loss. Filing a revised return under Section 139(5) of the IT Act and taking a contrary stand and/or claiming the exemption, which was specifically not claimed earlier while filing the original return of income is not permissible. By filing the revised return of income, the assessee cannot be permitted to substitute

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

ITA 1514/HYD/2019[2015-16]Status: DisposedITAT Hyderabad26 May 2023AY 2015-16

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Shri Vijay Mehta, CAFor Respondent: Shri Jeevan Lal

Section 133ASection 139Section 139(1)Section 80ASection 80A(5)Section 80I

carry forward of losses by filing a revised return of income. We further find the Hon’ble Supreme Court at placetum 11 of the said order has also made a distinction between a claim of exemption and claim of deduction by observing as under:- “Now so far as the reliance placed upon the decision of this Court in the case

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

ITA 1515/HYD/2019[2016-17]Status: DisposedITAT Hyderabad26 May 2023AY 2016-17

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Shri Vijay Mehta, CAFor Respondent: Shri Jeevan Lal

Section 133ASection 139Section 139(1)Section 80ASection 80A(5)Section 80I

carry forward of losses by filing a revised return of income. We further find the Hon’ble Supreme Court at placetum 11 of the said order has also made a distinction between a claim of exemption and claim of deduction by observing as under:- “Now so far as the reliance placed upon the decision of this Court in the case

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, WARANGAL vs. NORTHERN POWER DISTRIBUTION COMPANY OF TELANGANA LIMITED,, WARANGAL

In the result, both the appeals are treated as partly allowed for statistical purposes

ITA 1008/HYD/2019[2015-16]Status: DisposedITAT Hyderabad28 Feb 2023AY 2015-16

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyआ.अपी.सं / निर्धारण अपीलधर्थी / प्रत्‍यर्थी / वर्ा / A.Y.

For Appellant: Shri V. Siva Kumar, ARFor Respondent: Shri Rajendra Kumar, CIT-DR

carry forward the current year losses. Learned CIT(A), however, sustained the addition of Rs. 4,33,03,32,798/- on account of the tariff subsidy receivable from the Government and the disallowance of the corporate responsibility expenses to the tune of Rs. 1,05,357/-. Aggrieved by the additions that are sustained, assessee and aggrieved by the deletions, Revenue

NORTHERN POWER DISTRIBUTION COMPANY OF TELANGANA LIMITED ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, WARANGAL

In the result, both the appeals are treated as partly allowed for statistical purposes

ITA 999/HYD/2019[2015-16]Status: DisposedITAT Hyderabad28 Feb 2023AY 2015-16

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyआ.अपी.सं / निर्धारण अपीलधर्थी / प्रत्‍यर्थी / वर्ा / A.Y.

For Appellant: Shri V. Siva Kumar, ARFor Respondent: Shri Rajendra Kumar, CIT-DR

carry forward the current year losses. Learned CIT(A), however, sustained the addition of Rs. 4,33,03,32,798/- on account of the tariff subsidy receivable from the Government and the disallowance of the corporate responsibility expenses to the tune of Rs. 1,05,357/-. Aggrieved by the additions that are sustained, assessee and aggrieved by the deletions, Revenue

SANGHI INDUSTRIES LIMITED,HYDERABAD vs. DCIT, CIRCLE -3 (1), HYDERABAD

In the result, the appeal of the assessee is dismissed

ITA 104/HYD/2022[2017-18]Status: DisposedITAT Hyderabad23 Jan 2025AY 2017-18

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

For Appellant: Shri Vartik Choksi, ARFor Respondent: Ms. K. Haritha, CIT-DR

Section 143(3)Section 80ISection 92CSection 92E

forward losses and unabsorbed depreciation of earlier assessment years. 9. That in the facts and circumstances of the case, the Ld. AO is not justified in considering short credit of TDS to the tune of Rs. 30,211/- without assigning any reasons therefor. 10. The appellant craves leave to add, amend or alter any of the grounds during the course

SITAPURAM POWER LIMITED-ERSTWHILE AMALGAMATING COMPANY (NOW AMALGAMATED COMPANY-ZUARI CEMENT LIMITED),KADAPA vs. DCIT, CIRCLE 1, HYDERABAD

In the result, appeal of the assessee is allowed

ITA 79/HYD/2022[2017-18]Status: DisposedITAT Hyderabad02 Jul 2024AY 2017-18

Bench: Shri Laliet Kumar, Hon’Ble & Shri Madhusudan Sawdia, Hon’Bleआआआआ आआआआ आआ./ I.T.A. (Tp) No.79/Hyd/2022 (आआआआआआआआ आआआआ / Assessment Year: 2017-18) Erstwhile Amalgamating Company Vs. Deputy Commissioner Of – Sitapuram Power Limited Income Tax, Pan:Aajcs2098E Circle-1, (Now Amalgamated Company – Nellore. Zuari Cement Limited), Kadapa. Pan:Aajcs2098E (आआआआआआआआआ/ Appellant) (आआआआआआआआआआ/ Respondent) आआआआआआआआआ आआ आआ आआ/ Appellant : Adv. Shri Deepak Chopra & Nitin Narang By आआआआआआआआआआआ आआ आआ आआ / : Shri Kumar Pranav, Cit-Dr Respondent By आआआआआआ आआ आआआआआ / Date Of : 15/05/2024 Hearing आआआआआ आआ आआआआआ/Date Of : 02/07/2024 Pronouncement O R D E R

For Appellant: Adv. Shri Deepak Chopra &

Section 143(3)Section 144C(5)Section 40A(2)(b)Section 80ISection 92Section 92(3)Section 92BSection 92D

carry forward of loss, depreciation, all bear out that under the Act, (a) the business-including the rights, assets and liabilities

MEENAKSHI ENERGY AND INFRASTRUCTURE HOLDINGS PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 291/HYD/2024[2018-19]Status: DisposedITAT Hyderabad27 Jun 2024AY 2018-19

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.291/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2018-19) Meenakshi Energy & Vs. Dy. C. I. T. Infrastructure Holdings (P) Circle 5 (1) Ltd, Hyderabad Hyderabad Pan:Aafcm6917L (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Advocate Shri A.V. Raghuram रधजस् व द्वधरध/Revenue By:: Shri K.Meghanath Chowhan,(Cit)Dr सुिवधई की तधरीख/Date Of Hearing: 21/05/2024 घोर्णध की तधरीख/Pronouncement: 27/06/2024 आदेश/Order

For Appellant: Advocate Shri A.V. RaghuramFor Respondent: : Shri K.Meghanath Chowhan,(CIT)DR

carrying forward of unabsorbed depreciation is denied to the assessee, such a decision will not bind the assessee in the subsequent year in which he wants to claim the set off. The sum and substance of the ratio laid down by the Hon'ble Supreme Court is that if facts and circumstances demands, change of method of accounting or head