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    Income Tax

    Carry forward of unabsorbed depreciation - carried forward...

    Unabsorbed depreciation from previous years can offset current year's income, treated as current depreciation allowance.

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    Income TaxApril 25, 2016Case LawsAT

    Carry forward of unabsorbed depreciation - carried forward unabsorbed depreciation of the earlier year has to be taken as a part of the current year’s depreciation allowance and to be set off, to the extent possible, against income of the current year - AT

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