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2009 (11) TMI 549 - AT - Income TaxCarry forward and Set Off - set off of unabsorbed depreciation against income under the head 'Salaries' - sub-s. (2) of s. 71 of the Act again, it clearly specifies that if the net result of computation of the income under the head 'Profits and gains of business or profession' is a loss, then a set off of such loss cannot be made against income assessable under the head salaries - AO as well as the CIT (A) was well justified in not allowing the claim of the assessee for having its unabsorbed depreciation from earlier years to be set off against salary income – appeal dismissed
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