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1993 (12) TMI 52 - ANDHRA PRADESH HIGH COURT
Extract:
.......d for the purpose of computing the taxable income under the provisions of the Income-tax Act and that for the purpose of section 115J of the Act, loss does not include unabsorbed depreciation . The reference made by the Tribunal is answered in favour of the Department and against the assessee. Consequently, the writ petitions are allowed. No costs.