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2010 (8) TMI 648 - HC - Income TaxDeduction under section 80IA - Computation - Unabsorbed depreciation of the earlier years - As per the decision of the Rajasthan High Court in CIT vs. Mewar Oil and General Mills Ltd., the Rajasthan High Court held that it is not at all required that losses or other deductions which have already been set off against the income of the previous year should be reopened again for computation of current income under Section 80-I for the purpose of computing admissible deductions thereunder - Accordingly, this appeal fails and is hereby dismissed with no order as to costs - Decided against of revenue.
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