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2007 (7) TMI 226 - HC - Income TaxExport - Tribunal hold that deduction u/s 80HHC shall be granted before set off of the unabsorbed depreciation, unabsorbed business loss and unabsorbed investment allowance of the earlier years before grant of depreciation – in view of apex Court decision in various cases held that in determining business profits for the deduction under section 80 HHC, the unabsorbed business losses of earlier years u/s 72 should be set off – tribunal order set aside
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