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1982 (4) TMI 82 - ITAT AHMEDABAD-CExtract: .......rried on by virtue of fiction enacted in section 41. If, however, there is no such income and the source of income from business or profession is extinct, then the unabsorbed depreciation cannot be allowed to be carried forward and, consequently, could not be set off against income from any other sources. 16. In the result, the appeals are allowed.
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