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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Carry forward and set-off of unabsorbed depreciation of ...

Income Tax

January 15, 2020

Carry forward and set-off of unabsorbed depreciation of proprietary concern against partnership firm - as per the provisions of the section 78(2) assessee is entitled to set-off business loss/unabsorbed depreciation of the proprietary concern against income of the successor partnership firm.

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