No SLP against quashing of reassessment proceedings as C/F of unabsorbed dep. had no impact on chargeable income

IT: SLP dismissed against High Court ruling that where Assessing Officer reopened assessment taking a view that assessee wrongly carried forward unabsorbed depreciation pertaining to assessment year 1998-99, in view of fact that disclosure of unabsorbed depreciation had no impact on 'chargeable income' for relevant year which was alleged to have escaped assessment, Tribunal was justified in setting aside reassessment proceedings

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