Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (11) TMI 122 - DELHI HIGH COURTAssessee had claimed a deduction under Section 80HHC before allowing unabsorbed business losses and unabsorbed depreciation – in assessee view this business loss and depreciation ought to have been allowed to be carried forward - Tribunal was not correct in law in holding that the Assessee is entitled to a deduction u/s 80HHC of the Income Tax Act, 1961 before adjusting unabsorbed business and unabsorbed depreciation – revenue’s appeal allowed
|