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2006 (10) TMI 141 - HC - Income TaxDepreciation of firm determined after assessment of partner – Whether Tribunal was correct in law in holding that the assessee was not entitled to set off depreciation allowed in the case of the firm by taking recourse to S. 155 - partner is entitled to set off his share of unabsorbed depreciation in A.Y. 1992-93 – for A.Y. 1993-94 to 1995-96, the assessee would not be entitled to claim any benefit for the reason that in the subsequent years, the firm ceased to exist. In case, the firm itself is not in existence and the unabsorbed depreciation is not carried forward in the hands of the firm, there was no question of apportionment thereof in the hands of the partners
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