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

Section 32(2) of the Income Tax Act: Unabsorbed depreciation treated as current, allowing carry forward to offset future taxable income.

January 18, 2014

Case Laws Income Tax AT

Carry forward and set off of unabsorbed depreciation of preceding years - The purpose of legal fiction in section 32(2) is to make the unabsorbed carried forward depreciation partake the same character as the current depreciation in the following year - AT

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

Section 32(2) of the Income Tax Act: Unabsorbed depreciation treated as current, allowing carry forward to offset future taxable income.

January 18, 2014

Case Laws Income Tax AT

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