1995 (9) TMI 2

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..... of loss, it does not include unabsorbed depreciation/unabsorbed development rebate. - - - - - Dated:- 20-9-1995 - Judge(s) : B. P. JEEVAN REDDY. and S. B. MAJMUDAR. ORDER In this case, certificate has been granted by the High Court under section 261 of the Income-tax Act, 1961, only with respect to question Nos. 2, 3 and 4, which read thus (see [19831]143 ITR 863, 864) : "2. Whether .....

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..... from the material on the record of the case that the condition of the exception clause (a) of section 79 of the Act is not fulfilled and, therefore, no loss incurred in any year prior to the previous year corresponding to the assessment year under reference could be carried forward and set off against the income of the said previous year ?" Mr. J. Ramamurthy, learned senior counsel for the Reven .....

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