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2006 (4) TMI 179 - AT - Income TaxExtract: .......8 could not be utilized to give benefit to the assessee. Thus there is no question of giving any benefit to the assessee on account of carry forward of unabsorbed depreciation or loss for the subsequent years. 14. In view of above discussion, we hold that ld. CIT was right in cancelling the assessment. The appeal filed by the assessee is dismissed.
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