As per section 72(2), unabsorbed business loss is to be first ...

Income Tax

November 5, 2013

As per section 72(2), unabsorbed business loss is to be first set off and thereafter unabsorbed depreciation treated as current years depreciation u/s 32(2) is to be set off. As deduction u/s 10A has to be excluded from the total income of the assessee, the question of unabsorbed business loss being set off against such profit and gains of the undertaking would not arise - AT

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As per section 72(2), unabsorbed business loss is to be first ...

Income Tax

November 5, 2013

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