COMMISSIONER OF INCOME TAX vs. M/S.NEELACHAL ISPAT NIGAM LTD.

In the result, this Income Tax Appeal is allowed, setting

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

reopen the assessment proceedings for the assessment years impacted and if the assessment or re-assessment for the preceding assessment years 2010-11 serves to be disallowed any concurrent claim of the unabsorbed depreciation