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1997 (9) TMI 26 - MADRAS HIGH COURTExtract: .......ment years. Therefore, even on merits the assessee cannot succeed in seeking to set off unabsorbed depreciation of the earlier years. This is because it is admitted by the assessee that the entire amount of unabsorbed depreciation was fully allocated to all the three partners as seen from the order of the Income-tax Officer dated February 28, 1976.
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