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2003 (2) TMI 171 - AT - Income TaxExtract: .......e this issue and give set off for carried forward losses and unabsorbed depreciation of earlier years against income of the year under appeal, if otherwise found eligible. With these observations, we uphold the impugned order of the CIT(A), and reject the contentions of the assessee in this appeal. 19. In the result, assessee s appeal is dismissed.
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