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2014 (9) TMI 1059 - AT - Income TaxSet off of addition made u/s. 68 against the unabsorbed depreciation loss - CIT(A) observed that brought forward depreciation can be set off against income under any other head other than business in subsequent years - Held that:- In view of the decision of CIT Vs. D.P. Sandu Bros. Chembur (P) Ltd. [2005 (1) TMI 13 - SUPREME Court]the amount which has been deemed as income u/s. 68 is assessable as income from other sources and because of the same, it forms part of the total income of the assessee. It is not in dispute that brought forward unabsorbed depreciation can be set off against the income which is assessable under the head ‘income from other sources’. We, therefore, do not find any error in the order of the Commissioner of Income Tax (Appeals). It is confirmed. - Decided against revenue
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