Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (6) TMI 30 - HC - Income TaxExtract: .......s carried forward from the previous year would first be set off against the income and then only the balance of the income should be set off against the current depreciation. In this context of the matter, we answer the question in the negative and in favour of the revenue. Each party will pay and bear its own costs. SABYASACHI MUKHARJI J.-I agree.
|