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1986 (12) TMI 59 - AT - Income TaxExtract: .......ard the business loss on the basis of the returns filed by the assessee but they were not justified in refusing to carry forward the unabsorbed depreciation as section 80 does not speak of unabsorbed depreciation. We direct the ITO to allow the carry forward of the unabsorbed depreciation only. 10. In the result, the two appeals are partly allowed.
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