Unabsorbed depreciation of amalgamated company shall be added to arrive at actual cost of acquisition

HIGH COURT OF MADRAS EID Parry (India) Ltd. V/s. Deputy Commissioner of Income-tax Tax Case APPEAL NOS. 1311 AND 1312 OF 2005 JUNE 26, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. The assessee is on appeal as against the order of the Income Tax Appellate Tribunal in respect of the assessment year 1994-95 and 1995-96. The following are the substantial questions of law raised in the Tax Case Appeal filed by the assessee T.C.(A) No.1311 of 2005: (i)  Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the investment allowanc...