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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Carry forward unabsorbed depreciation in respect of Bogus and ...


Unabsorbed depreciation for fake assets stays as previously assessed unless prior orders are corrected.

January 15, 2015

Case Laws     Income Tax     HC

Carry forward unabsorbed depreciation in respect of Bogus and Non-existent assets - unless the earlier orders of assessment are rectified, the unabsorbed depreciation will continue to stand at the figure determined in the respective assessment orders. - HC

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