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2007 (11) TMI 285 - HC - Income TaxAmendment to S. 32(2) w.e.f. 01.04.1997 – unabsorbed depreciation - Tribunal has rightly come to the conclusion that the assessee is entitled to the unabsorbed depreciation brought forward as on 01.04.1997 and could be set off against the business profits - Tribunal was right in law in remitting back the matter to the file of the Assessing Officer for verification, as to how much depreciation was available up to 01.04.1997, that could be included in the income of the assessee
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