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2009 (5) TMI 994 - KERALA HIGH COURTExtract: .......9 (SC) wherein the Supreme Court has held that eligibility for carry forward of unabsorbed depreciation is to be considered in the succeeding year. The AO is directed to follow the decision of the Supreme Court on this issue. The appeal is disposed of setting aside the order of the Tribunal and we remand the case to the AO for passing fresh orders.
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