Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (9) TMI 221 - HC - Income TaxCIT (A) & Tribunal have rightly concluded that unabsorbed depreciation & investment allowance stand on a different footing vis-a-vis unabsorbed business losses for the purpose of section 80 which specifically refers the carry forward & set off of business losses under sections 72, 73 and 74 – Tribunal was justified in directing the Assessing Officer to allow adjustment of unabsorbed depreciation & investment allowance of earlier years in spite of the fact that the return was filed late
|